Venti Chemicals has a Mixing Department and a Refining Department. Its process-costing system in the Mixing Department has two direct materials cost categories (Chemical X and Chemical Y) and one conversion costs pool. The following data pertain to the Mixing Department for July 2006: Units Work in process, July 1 Units started 50, 000 Completed and transferred to Refining Department 35, 000 Costs Chemical X Chemical Y Conversion costs P250, 000 70, 000 135, 000 Chemical X is introduced at the start of operations in the Mixing Department, and Chemical Y is added when the product is three-fourths completed in the Mixing Department. Conversion costs are added evenly during the process. The ending work in process in the Mixing Department is two-thirds complete. 4. The equivalent units in the Mixing Department for July 2006 for conversion costs is 50, 000 55, 000 40, 000 45, 000 a. b. C. d. 5. The cost of goods completed and transferred to the Refining Department during July is P350, 000 P225, 000 P550, 000 P375, 000 a. b. с. d. 6. The cost of work in process as of July 31, 2006 is P75, 000 P140, 000 P100, 000 а. b. с. d. P105, 000

Venti Chemicals has a Mixing Department and a Refining Department. Its process-costing system in the Mixing Department has two direct materials cost categories (Chemical X and Chemical Y) and one conversion costs pool. The following data pertain to the Mixing Department for July 2006: Units Work in process, July 1 Units started 50, 000 Completed and transferred to Refining Department 35, 000 Costs Chemical X Chemical Y Conversion costs P250, 000 70, 000 135, 000 Chemical X is introduced at the start of operations in the Mixing Department, and Chemical Y is added when the product is three-fourths completed in the Mixing Department. Conversion costs are added evenly during the process. The ending work in process in the Mixing Department is two-thirds complete. 4. The equivalent units in the Mixing Department for July 2006 for conversion costs is 50, 000 55, 000 40, 000 45, 000 a. b. C. d. 5. The cost of goods completed and transferred to the Refining Department during July is P350, 000 P225, 000 P550, 000 P375, 000 a. b. с. d. 6. The cost of work in process as of July 31, 2006 is P75, 000 P140, 000 P100, 000 а. b. с. d. P105, 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

can you please show me how to calculate this without using excel? Thanks
Can you share an example and explainwhy the CVP is important please.
Can you further explain this to me to better understand the concept on what I'm supposed to do and what formulas I need to apply.
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Please show and explain all steps to solve this problem.
1. What is a case and how to defining the Case and Creating Problem Statements? 2. What is Background of the Problem and Problem Statement?
Will you please provide the formulas (explanation) to understand the results or numbers that were added in the solution?
Hi, Could you please show me how to solve this with formulas? not excel, I should have clarified. Thanks
is there a way to do this question with formulas and a calculator instead of excel? if so please upload the solution this way