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.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
Related questions
Question
Assume that the costs per EUP for material and conversion are P1.00 and P1.50, respectively. Using FIFO, what is the total cost assigned to the transferred-out units (rounded to the nearest peso)?
P237,000
P224,938
P244,438
P245,750
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