The beginning work in process inventory in the Assembly Department of the Love Company on March 1 was 600 units, to which 60% of labor had been applied at a cost of P2,880. During March, 8,000 units were transferred into the department and 7,200 units were transferred out to the next department. Labor costs of P91,227 were incurred during the month. The units in the ending work in process in the Assembly Department were estimated to be 30% complete as to labor. What is the labor cost in the units transferred out during the month? а. Р80,964 b. P89,064 с. Р88,920 d. P86,400

The beginning work in process inventory in the Assembly Department of the Love Company on March 1 was 600 units, to which 60% of labor had been applied at a cost of P2,880. During March, 8,000 units were transferred into the department and 7,200 units were transferred out to the next department. Labor costs of P91,227 were incurred during the month. The units in the ending work in process in the Assembly Department were estimated to be 30% complete as to labor. What is the labor cost in the units transferred out during the month? а. Р80,964 b. P89,064 с. Р88,920 d. P86,400

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Description: The beginning work in process inventory in the Assembly Department of the Love Company onMarch 1 was 600 units, to which 60% of labor had been applied at a cost of P2,880. DuringMarch, 8,000 units were transferred into the department and 7,200 units

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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