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ABC company accumulated the following cost in Department B During the Month of November: Cost Transferred from Dept. A Material Conversion Total Costs Beginning Inventory
ABC company accumulated the following cost in Department B During the Month of November: Cost Transferred from Dept. A Material Conversion Total Costs Beginning Inventory P 17,050 0 P 5,450 P 22,500 Current Period Cost 184,000 P 34.000 104.000 322.000 P 201,050 P 34,000 P 109,450 P344,500 Production for November in Department B (in units): WIP-November 1 2,000 60% complete Complete period transferred 20,000 WIP-November 30 5,000 40% complete Materials are not added in Department B until the very end of processing Department B. Required: Compute the value of ending WIP Using FIFO method
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