Chris Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. Using FIFO method, the unit cost is: a. none of the choices b. 0.70 c. 0.82 d. 0.86
Chris Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. Using FIFO method, the unit cost is: a. none of the choices b. 0.70 c. 0.82 d. 0.86
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 24E: Banwood Company has the following information for 20x1: There were no beginning inventories. What is...
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Chris Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of
24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125.
Using FIFO method, the unit cost is:
a. none of the choices
b. 0.70
c. 0.82
d. 0.86
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