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

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

Name: Given the following information|Beginning Work in Process Inventory(7
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Description: Given the following information|Beginning Work in Process Inventory(70% complete as to conversion)Started6,000 units24,000 unitsEnding Work in Process Inventory(10% complete as to conversion)8,500 unitsBeginning WIP Inventory Costs:P23,40050,607Mate

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5EA: A company has 1,500 units in ending work in process that are 30% complete after transferring out...

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Production data show 15,200 units were transferred out of a stage of production and 3,500 units remained in ending WIP inventory that was 100% complete to material and 60% complete to conversion. The unit material cost is $9 for material and $4 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?
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