Pine Company has a cycle time of 4 days, uses Raw and In Process account (RIP) and expenses all conversion costs to Cost of Goods Sold. At the end of each month, all inventories are counted; their conversion components are estimated and inventory account balances are adjusted accordingly. Raw materials is backflushed from RIP to Finished Goods. The following information is for the month of September: RIP beginning, including P1,900 of conversion cost, P10,000; FG beginning, including P8,300 of conversion cost; P31,000; Raw materials purchased on account, P141,000; RIP end, including P5,300 of conversion cost, P19,000; FG end, including P4,000 of conversion cost, P13,000. Direct labor P75,000; Factory overhead P95,000. What is the amount of materials backflushed from RIP to FG? P149,100 P170,900 P135,400 P141,000
Pine Company has a cycle time of 4 days, uses Raw and In Process account (RIP) and expenses all conversion costs to Cost of Goods Sold. At the end of each month, all inventories are counted; their conversion components are estimated and inventory account balances are adjusted accordingly. Raw materials is backflushed from RIP to Finished Goods. The following information is for the month of September: RIP beginning, including P1,900 of conversion cost, P10,000; FG beginning, including P8,300 of conversion cost; P31,000; Raw materials purchased on account, P141,000; RIP end, including P5,300 of conversion cost, P19,000; FG end, including P4,000 of conversion cost, P13,000. Direct labor P75,000; Factory overhead P95,000. What is the amount of materials backflushed from RIP to FG?
P149,100
P170,900
P135,400
P141,000
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