Virgo Company completed 280,000 units of Product A and has 10,000 units whichwere 50% complete as to conversion cost. Direct materials, which were introduced atthe start of processing, cost P435,000 while conversion cost amounted to P 142,500.There were no beginning inventoriès.24. The equivalent units as to conversion cost werea. 142,500b. 280,000c. 285,000d. 290,000A company produces plastic kitchenware and uses process costing system. Productsgo through threc departments- Mixing, Molding, ad Packaging. During the month ofAugust, the following information is made available for the Mixing Department160,000140,00020,000Units startedUnits completed and transferred.Units in process, end (25% complete)Materials are added at two points in the process. Material A is added at the beginningof the process and Material B when the units are 50% completed. Conversion costsare incurred uniformly throughout the mixing process.25. The equivalent production for Material Aa. 140,000b. 145,000c. 150,000d. 160,000

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Description: Virgo Company completed 280,000 units of Product A and has 10,000 units whichwere 50% complete as to conversion cost. Direct materials, which were introduced atthe start of processing, cost P435,000 while conversion cost amounted to P 142,500.There

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Virgo Company completed 280,000 units of Product A and has 10,000 units which were 50% complete as to conversion cost. Direct materials, which were introduced at the start of processing, cost P435,000 while conversion cost amounted to P 142,500. There were no beginning inventoriès. 24. The equivalent units as to conversion cost were 142,500 b. 280,000 285,000 d. 290,000 a. c.

Virgo Company completed 280,000 units of Product A and has 10,000 units which were 50% complete as to conversion cost. Direct materials, which were introduced at the start of processing, cost P435,000 while conversion cost amounted to P 142,500. There were no beginning inventoriès. 24. The equivalent units as to conversion cost were 142,500 b. 280,000 285,000 d. 290,000 a. c.

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 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...

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