Question
Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of
Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125.
The total EUP of completed and transferred units is:
Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125.
The unit conversion cost using weighted average method is:
Group of answer choices
0.82
0.70
none of the choices
0.86
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Petroleum Accounting Principles Procedures And Issues
Authors: Dennis Jennings, Joe Feiten, Horace Brock
5th Edition
0940966255, 978-0940966253
