Problem 6: Cost of Production Report Mara uses weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed Units in ending inventory, 40% complete Cost of beginning inventory Current period production costs 10,000 units 50,000 units 5,000 units P105,000 P831,000 a. Compute the equivalent unit production for August. b. Compute the unit cost for August. c. Compute the ending inventory of work in process.
Problem 6: Cost of Production Report Mara uses weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed Units in ending inventory, 40% complete Cost of beginning inventory Current period production costs 10,000 units 50,000 units 5,000 units P105,000 P831,000 a. Compute the equivalent unit production for August. b. Compute the unit cost for August. c. Compute the ending inventory of work in process.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Direc
Conv
Cost in
Mara uses weighted-average process costing. It had the following data in
10,000 units
Dire
Con
Work
Tota
Tota
Cos
Cos
Co
Problem 6: Cost of Production Report
50,000 units
5,000 units
P105,000
P831,000
Beginning inventory, 60% complete
Units completed
Units in ending inventory, 40% complete
Cost of beginning inventory
Current period production costs
August.
Ja
a. Compute the equivalent unit production for August.
b. Compute the unit cost for August.
Compute the ending inventory of work in process.
d. Compute the cost transferred to finished goods.
Co
m.
с.
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