NUBD Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of Septem ber appear below. Percent Complete with Respedt Beginning work in process inventory. Transferred in from the prior de partment during September Ending work in process inventory.. Units to Conversion 17,000 50,000 17,000 10% 40% According to the company's records, the conversion cost in beginning work in process inventory was P3,434 at the beginning of September. Additio nal conversion costs ofP117,914 were incurred in the department during the month.
NUBD Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of Septem ber appear below. Percent Complete with Respedt Beginning work in process inventory. Transferred in from the prior de partment during September Ending work in process inventory.. Units to Conversion 17,000 50,000 17,000 10% 40% According to the company's records, the conversion cost in beginning work in process inventory was P3,434 at the beginning of September. Additio nal conversion costs ofP117,914 were incurred in the department during the month.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...
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What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places.)
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