Orange Company manufactures a single product. All material is added at the beginning of the process Costs Material Conversion Total Assume that, for Beginning inventory P30,000 P3,600 P33,600 conversion costs Current period P885,120 P335,088 P1,220,208 abnormal shrinkage is Total costs P915,120 P338,688 P1,253,808 60 percent. Using UNITS FIFO method. Beginning inventory (30% complete-conversion) 6,000 units compute the costs of: Started 180,000 units 1. WIP, end Completed 152,000 units 2. Abnormal loss Ending inventory (70% complete-conversion) 20,000 units 3. Transferred-out Normal spoilage 4,800 units Orange Company manufactures a single product. All material is added at the beginning of the process Costs Material Conversion Total Assume that, for Beginning inventory P30,000 P3,600 P33,600 conversion costs Current period P885,120 P335,088 P1,220,208 abnormal shrinkage is Total costs P915,120 P338,688 P1,253,808 60 percent. Using UNITS FIFO method. Beginning inventory (30% complete-conversion) 6,000 units compute the costs of: Started 180,000 units 1. WIP, end Completed 152,000 units 2. Abnormal loss Ending inventory (70% complete-conversion) 20,000 units 3. Transferred-out Normal spoilage 4,800 units