P104 Queens uses weighted-average process costing. The following data are available for the month: Beginning inventory, 40% completed Units completed Ending inventory, 60% completed Cost of beginning inventory Current period costs 5,000 units 40,000 units 6,000 units P 10,000 P142,600 Required: d. Compute the cost transferred to finished goods. e. Compute the ending inventory of FIFO method was used.

P104 Queens uses weighted-average process costing. The following data are available for the month: Beginning inventory, 40% completed Units completed Ending inventory, 60% completed Cost of beginning inventory Current period costs 5,000 units 40,000 units 6,000 units P 10,000 P142,600 Required: d. Compute the cost transferred to finished goods. e. Compute the ending inventory of FIFO method was used.

Name: P104 Queens uses weighted-average process costing. The following data
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Description: P104 Queens uses weighted-average process costing. The following data are available forthe month:Beginning inventory, 40% completedUnits completedEnding inventory, 60% completedCost of beginning inventoryCurrent period costs5,000 units40,000 units6,

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5EB: Using the weighted-average method, compute the equivalent units of production if the beginning...

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