Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question 12. please answer. Aim Mfg.Co., which, on December 1, had 6,000 units of WIP in Department 2, the second and last stage of its

image text in transcribed

question 12. please answer.

Aim Mfg.Co., which, on December 1, had 6,000 units of WIP in Department 2, the second and last stage of its processing cycle. The costs attached to these 6,000 units were P12,000 of costs transferred in from Department 1, P2,500 of material costs added in Department 2, and P2,000 of conversion costs added in Department 2. Materials are added at the beginning of the process in Department 2. Conversion was 50% complete on December 1. During December, 14,000 units were transferred in from Department 1 at a cost of P27,000, and material costs of P3,500 and conversion costs of P3,000 were added in Department 2. On April 30, Department 2 had 5,000 units of WIP, 60% complete as to conversion costs. The costs attached to this 5,000 units were P10,500 of costs transferred in from Department 1, P1,800 of material costs added in Department 2, and P800 of conversion costs added in Department 2. Using the weighted average method, what were the equivalent units for the month of December for MATERIALS COSTS? 15,000 0 19.000 25.000 0 20.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Detecting Accounting Fraud Before Its Too Late

Authors: Oriol Amat

1st Edition

1119566843, 9781119566847

More Books

Students also viewed these Accounting questions