NUBD Inc. instituted a new process in October. During October, 10,000 units were started in Department A. Of the units started, 1,000 were lost in the process due to normal production shrinkage, 7,000 were transferred to Department B, and 2,000 remained in work in process at October 31. The work in process at October 31 was 100% complete as to materials costs and 50% complete as to conversion costs. Materials costs of P27,000 and conversion costs of P40,000 were charged to Department A in October. What were the total costs transferred to Department B?

NUBD Inc. instituted a new process in October. During October, 10,000 units were started in Department A. Of the units started, 1,000 were lost in the process due to normal production shrinkage, 7,000 were transferred to Department B, and 2,000 remained in work in process at October 31. The work in process at October 31 was 100% complete as to materials costs and 50% complete as to conversion costs. Materials costs of P27,000 and conversion costs of P40,000 were charged to Department A in October. What were the total costs transferred to Department B?

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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