Given the following information Beginning Work in Process Inventory (70% complete as to conversion) Started 6,000 units 24,000 units Ending Work in Process Inventory (10% complete as to conversion) 8,500 units Beginning WIP Inventory Costs: Material P23,400 50,607 Conversion Current Period Costs: P31,500 76,956 Material Conversion All material is added at the start of the process and all finished products are transferred out. Assume that FIFO process costing is used. What is the cost per equivalent unit for conversion?
Given the following information Beginning Work in Process Inventory (70% complete as to conversion) Started 6,000 units 24,000 units Ending Work in Process Inventory (10% complete as to conversion) 8,500 units Beginning WIP Inventory Costs: Material P23,400 50,607 Conversion Current Period Costs: P31,500 76,956 Material Conversion All material is added at the start of the process and all finished products are transferred out. Assume that FIFO process costing is used. What is the cost per equivalent unit for conversion?
Chapter5: Process Costing
Section: Chapter Questions
Problem 1EB: Given the following information, determine the equivalent units of ending work in process for...
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