Question
19 2. The following information is available for DVC Corporation for the current month: Started this month 120,000 Units Beginning WIP (3/5 incomplete) 11,250 Units
19
2.
The following information is available for DVC Corporation for the current month:
Started this month | 120,000 | Units | |
Beginning WIP (3/5 incomplete) | 11,250 | Units | |
Total spoilage | 3,000 | Units | |
Abnormal spoilage | 1,350 | Units | |
Ending WIP (30% to be done) | ? | Units | |
Transferred out | 108,750 | Units | |
Beginning Work in Process Costs: | |||
Material | P 15,600 | ||
Conversion | 20,700 | ||
Current Costs: | |||
Material | P 180,000 | ||
Conversion | 525,915 | ||
All materials are added at the start of production and the inspection point is at the end of the process. Using the more accurate method representing the physical flow of units.
1. Total costs of units transferred-out?
2. The amount of work-in process-end?
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