Tech Enterprise makes a single product in two departments. The production data for Department B for August 2019 follows: Quantities: In process, August 1 (40% complete) 4,000 units Received from Department A 30,000 units Completed and transferred 25,000 units In process, August 31 (60% complete) 6,000 units Production costs: August 1 August 31 Transferred in P48,900 P267,300 Materials 11,400 202,500 Conversion cost 5,820 243,000 Materials are added at the start of the process, and losses normally occur during the early stage of the operation. Compute the cost of ending work- in-process inventory using average cost method. P133,920 P136,800 P150,600 P140,400

Tech Enterprise makes a single product in two departments. The production data for Department B for August 2019 follows: Quantities: In process, August 1 (40% complete) 4,000 units Received from Department A 30,000 units Completed and transferred 25,000 units In process, August 31 (60% complete) 6,000 units Production costs: August 1 August 31 Transferred in P48,900 P267,300 Materials 11,400 202,500 Conversion cost 5,820 243,000 Materials are added at the start of the process, and losses normally occur during the early stage of the operation. Compute the cost of ending work- in-process inventory using average cost method. P133,920 P136,800 P150,600 P140,400

Name: Tech Enterprise makes a single product in twodepartments. The product
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Description: Tech Enterprise makes a single product in twodepartments. The production data forDepartment B for August 2019 follows:Quantities: In process, August 1 (40%complete) 4,000 units Received fromDepartment A 30,000 units Completed andtransferred 25,000 u

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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