PLEASE SHOW YOUR SOLUTION PO. THANKS#27 Material AA is introduced at the start of operations in the Mixing Department, andMaterial BB is added when the product is three-fourths completed in the MixingDepartment. Conversion costs are added uniformly during the process.29 The respective equivalent units for Material AA and Material BB in the MixingDepartment for October 2016, are:a. Both 100,000 unitsb. 150,000 units and 120,000 unitsc.)120,000 units and 100,000 units chuhedd. 120,000 units and 150,000 units30.The cost of goods completed and transferred out to the Refining Department was:а. Р3,861,500(b) P3,201,000 chuludC. P2,700,000d. P3,101,000 Krish Company has a Mixing Department and a Refining Department. Its processcosting system in the Mixing Department has two direct materials cost categories(materiał AA and material BB) and one conversion cost pool. The company uses first-.in-first-out cost flow method. The following data pertain to the Mixing Department forOctober, 2019.UnitsWork-in-process, October 1: 50% completedWork-in-process, October 31, 70% completedUnits started30,00050,000120,000100,000Completed and transferredCostsWork-in-process, October 1Material AA436,0001,440,0001,500,000600,000Material BBConversion costs

Equivalent units of products concept came in to existence when some units are not fully completed at…

Material AA is introduced at the start of operations in the Mixing Department, and Material BB is added when the product is three-fourths completed in the Mixing Department. Conversion costs are added uniformly during the process. 29 The respective equivalent units for Material AA and Material BB in the Mixing Department for October 2016, are: a. Both 100,000 units b. 150,000 units and 120,000 units 120,000 units and 100,000 units chehed d. 120,000 units and 150,000 units C. 30.The cost of goods completed and transferred out to the Refining Department was: a. P3,861,500 (b P3,201,000 chulud E. P2,700,000 d. P3,101,000

Material AA is introduced at the start of operations in the Mixing Department, and Material BB is added when the product is three-fourths completed in the Mixing Department. Conversion costs are added uniformly during the process. 29 The respective equivalent units for Material AA and Material BB in the Mixing Department for October 2016, are: a. Both 100,000 units b. 150,000 units and 120,000 units 120,000 units and 100,000 units chehed d. 120,000 units and 150,000 units C. 30.The cost of goods completed and transferred out to the Refining Department was: a. P3,861,500 (b P3,201,000 chulud E. P2,700,000 d. P3,101,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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