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Williams Company uses the FIFO method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials and 60% with respect to conversion costs. The total cost in the beginning work in process inventory was P48,200. During the month, 25,000 units were transferred out of the department. The costs per equivalent unit were computed to be P3.10 for materials and P4.50 for conversion costs. The total cost of the units completed and transferred out of the department was: a. P190,000 b. P189,200 c. P180,200

Williams Company uses the FIFO method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials and 60% with respect to conversion costs. The total cost in the beginning work in process inventory was P48,200. During the month, 25,000 units were transferred out of the department. The costs per equivalent unit were computed to be P3.10 for materials and P4.50 for conversion costs. The total cost of the units completed and transferred out of the department was: a. P190,000 b. P189,200 c. P180,200

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...
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Williams Company uses the FIFO method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials and 60% with respect to conversion costs. The total cost in the beginning work in process inventory was P48,200. During the month, 25,000 units were transferred out of the department. The costs per equivalent unit were computed to be P3.10 for materials and P4.50 for conversion costs. The total cost of the units completed and transferred out of the department was:

a. P190,000

b. P189,200

c. P180,200

d. P132,000

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