The following information is available for Lima Corporation for the current year (SEE PICTURE BELOW): All materials are added at the start of production. What is the cost of units transferred out using weighted average? * Beginning Work in Process (75% complete) Started Ending Work in Process (60% complete) Abnormal spoilage Normal spoilage (continuous) Transferred out Costs of Beginning Work in Process: Material 14,500 units 75,000 units P25,100 50,000 Conversion Current Costs: Material 16,000 units 2,500 units 5,000 units P120,000 300,000 Conversion 66,000 units D 409,107 O 384,979 D 422,343 ) 414.144
The following information is available for Lima Corporation for the current year (SEE PICTURE BELOW): All materials are added at the start of production. What is the cost of units transferred out using weighted average? * Beginning Work in Process (75% complete) Started Ending Work in Process (60% complete) Abnormal spoilage Normal spoilage (continuous) Transferred out Costs of Beginning Work in Process: Material 14,500 units 75,000 units P25,100 50,000 Conversion Current Costs: Material 16,000 units 2,500 units 5,000 units P120,000 300,000 Conversion 66,000 units D 409,107 O 384,979 D 422,343 ) 414.144
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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