NUBD Co. has the following information for October: Unts started Beginning Work in Process: (35% complete) Normal spoila ge (discrete) Abnormal spoilage E nding Work in Process: (70% com plete) Transferred out 100,000 units 20,000 units 3,500 units 5,000 units 14,500 units 97,000 units Beginning Work in Process Costs: Material P15,000 10,000 Conversion All materials are added at the start of the production process. NUBD Co. inspects go ods at 75 percent com pletio n as to conversion.

NUBD Co. has the following information for October: Unts started Beginning Work in Process: (35% complete) Normal spoila ge (discrete) Abnormal spoilage E nding Work in Process: (70% com plete) Transferred out 100,000 units 20,000 units 3,500 units 5,000 units 14,500 units 97,000 units Beginning Work in Process Costs: Material P15,000 10,000 Conversion All materials are added at the start of the production process. NUBD Co. inspects go ods at 75 percent com pletio n as to conversion.

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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