Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given for a certain process: Beginning work in process, completed Transferred in Normal spoilage Abnormal spoilage Goods completed and transferred out Ending work in process,
Given for a certain process: Beginning work in process, completed Transferred in Normal spoilage Abnormal spoilage Goods completed and transferred out Ending work in process, y completed Conversion costs in beginning inventory Current period conversion costs 500 units All spoilage occurs at the end of the 2,000 units process. Using FIFO method, 200 units 1. The conversion cost per 300 units equivalent unit amounted to? 1700 units 2. The conversion costs components 300 units of normal spoilage is? P610 3. The conversion components of P3,990 of abnormal spoilage is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started