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Mara uses a weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed 10,000 units 50,000 units Units in ending inventory, 40% complete 5,000 units Cost of beginning inventory Current period production costs P105,000 P831,000

Mara uses a weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed 10,000 units 50,000 units Units in ending inventory, 40% complete 5,000 units Cost of beginning inventory Current period production costs P105,000 P831,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Compute the ending inventory of WIP

Compute the cost transferred to finish goods

Mara uses a weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed 10,000 units 50,000 units Units in ending inventory, 40% complete 5,000 units Cost of beginning inventory Current period production costs P105,000 P831,000
Transcribed Image Text:Mara uses a weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed 10,000 units 50,000 units Units in ending inventory, 40% complete 5,000 units Cost of beginning inventory Current period production costs P105,000 P831,000
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