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if FIFO method) TK Co. manufactures a single product that goes through two processes, mixing and cooking. The data pertain to the mixing department for April 2016: Work-in-process inventory, April 1 Conversion: 80 percent completed Work-in-process inventory, April 30 Conversion: 40 percent completed Units started into production Units completed and transferred out 5. The cost ofunits transferred out is a PS87,766 b. PS09.754 c. P786,866 d. P707,465 27.000 units 17.000 units 60.000 units 6. What is the value of ending Work-in-Process Inventory Costs Work-in-process inventory, April 1 Materials X a P80,532 b. P70,454 c. P67,367 d. P86.565 64,800 89,100 119,880 Materials Y Conversion Cost added during April Materials X Materials Y 152,700 138,400 302.520 Conversion Materials X is added at the beginning of work in the mixing department. Material Y also added in the mixing department, but not until units of product are 60 percent complete with. regard to conversion. Conversion costs are incurred uniformly during the process. f average method) 1. The equivalent units of material X is a 70,000 b. 77,000 c. 87,000 d. 100,000 2. The cost per equivalent unit for material Y is a P5.25 b. Р4.50 c. P3.25 d. P5.00 3. The cost ofunits transferred out is а Р650,000 b. P787,500 c. P688,000 d. P750,500 4. What is the value of ending Work-in-Process Inventory? a P79.900 b. P65,500 c. P68,900 d. P87,400

if FIFO method) TK Co. manufactures a single product that goes through two processes, mixing and cooking. The data pertain to the mixing department for April 2016: Work-in-process inventory, April 1 Conversion: 80 percent completed Work-in-process inventory, April 30 Conversion: 40 percent completed Units started into production Units completed and transferred out 5. The cost ofunits transferred out is a PS87,766 b. PS09.754 c. P786,866 d. P707,465 27.000 units 17.000 units 60.000 units 6. What is the value of ending Work-in-Process Inventory Costs Work-in-process inventory, April 1 Materials X a P80,532 b. P70,454 c. P67,367 d. P86.565 64,800 89,100 119,880 Materials Y Conversion Cost added during April Materials X Materials Y 152,700 138,400 302.520 Conversion Materials X is added at the beginning of work in the mixing department. Material Y also added in the mixing department, but not until units of product are 60 percent complete with. regard to conversion. Conversion costs are incurred uniformly during the process. f average method) 1. The equivalent units of material X is a 70,000 b. 77,000 c. 87,000 d. 100,000 2. The cost per equivalent unit for material Y is a P5.25 b. Р4.50 c. P3.25 d. P5.00 3. The cost ofunits transferred out is а Р650,000 b. P787,500 c. P688,000 d. P750,500 4. What is the value of ending Work-in-Process Inventory? a P79.900 b. P65,500 c. P68,900 d. P87,400

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 30E: Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process...
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if FIFO method) TK Co. manufactures a single product that goes through two processes, mixing and cooking. The data pertain to the mixing department for April 2016: Work-in-process inventory, April1 Conversion: 80 percent completed Work-in-process inventory, April 30 Conversion: 40 percent completed Units started into production 5. The cost ofunits transferred out is a. PS87,766 b. P809,754 c. P786,866 d. P707,465 27,000 units 17.000 units 60,000 units 6. What is the value of ending Work-in-Process Inventory? Units completed and transferred out а P80,532 b. P70,454 c. P67,367 d. P86,565 Costs Work-in-process inventory, April 1 Materials X 64,800 89,100 119,880 Materials Y Conversion Cost added during April Materials X | 152,700 138,400 302,520 Materials Y Conversion Materials X is added at the beginning of work in the mixing department. Material Y also added in the mixing department, but not until units of product are 60 percent complete with. regard to conversion. Conversion costs are incurred uniformly during the process. if average method) 1. The equivalent units of material X is a. 70,000 b. 77,000 c. 87,000 d. 100,000 2. The cost per equivalent unit for material Y is a. P5.25 b. Р4.50 с. Р3.25 d. P5.00 3. The cost of units transferred out is а. Рб50,000 b. P787,500 c. P688,000 d. P750,500 4. What is the value of ending Work-in-Process Inventory? а. Р79,900 b. P65,500 с. Рб8,900 d. P87,400
Transcribed Image Text:if FIFO method) TK Co. manufactures a single product that goes through two processes, mixing and cooking. The data pertain to the mixing department for April 2016: Work-in-process inventory, April1 Conversion: 80 percent completed Work-in-process inventory, April 30 Conversion: 40 percent completed Units started into production 5. The cost ofunits transferred out is a. PS87,766 b. P809,754 c. P786,866 d. P707,465 27,000 units 17.000 units 60,000 units 6. What is the value of ending Work-in-Process Inventory? Units completed and transferred out а P80,532 b. P70,454 c. P67,367 d. P86,565 Costs Work-in-process inventory, April 1 Materials X 64,800 89,100 119,880 Materials Y Conversion Cost added during April Materials X | 152,700 138,400 302,520 Materials Y Conversion Materials X is added at the beginning of work in the mixing department. Material Y also added in the mixing department, but not until units of product are 60 percent complete with. regard to conversion. Conversion costs are incurred uniformly during the process. if average method) 1. The equivalent units of material X is a. 70,000 b. 77,000 c. 87,000 d. 100,000 2. The cost per equivalent unit for material Y is a. P5.25 b. Р4.50 с. Р3.25 d. P5.00 3. The cost of units transferred out is а. Рб50,000 b. P787,500 c. P688,000 d. P750,500 4. What is the value of ending Work-in-Process Inventory? а. Р79,900 b. P65,500 с. Рб8,900 d. P87,400
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