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ABC company accumulated the following cost in Department B During the Month of November: Cost Transferred from Dept. A Material Total Beginning Inventory Current Period

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ABC company accumulated the following cost in Department B During the Month of November: Cost Transferred from Dept. A Material Total Beginning Inventory Current Period Cost P 17,050 184,000 P 201,050 0 P 34.000 P 34,000 Conversion Costs P 5,450 104.000 P 109,450 P 22,500 322.000 P344,500 Production for November in Department B in units): WIP-November 1 Complete period transferred WIP-November 30 2,000 60% complete 20,000 5.000 40% complete Materials are not added in Department B until the very end of processing Department Required: Compute the value of ending WIP Using FIFO method

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