Beginning inventory, 60% complete Units completed Units in ending inventory, 40% complete Cost of beginning inventory Current period production costs 10,000 units 50,000 units 5,000 units P105,000 P831,000 a. Compute the equivalent unit production for August. b. Compute the unit cost for August. c. Compute the ending inventory of work in process. d. Compute the cost transferred to finished goods.

Beginning inventory, 60% complete Units completed Units in ending inventory, 40% complete Cost of beginning inventory Current period production costs 10,000 units 50,000 units 5,000 units P105,000 P831,000 a. Compute the equivalent unit production for August. b. Compute the unit cost for August. c. Compute the ending inventory of work in process. d. Compute the cost transferred to finished goods.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....

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