Question
RMG Corporation has the following information for the current month: Units started 175,000 units Beginning Work in Process: (65% to be done) 35,000 units Total
RMG Corporation has the following information for the current month:
Units started
175,000
units
Beginning Work in Process: (65% to be done)
35,000
units
Total spoilage
14,875
units
Spoilage within tolerance level
6,125
units
Ending Work in Process: (20% incomplete)
25,375
units
Transferred out
?
units
Beginning Work in Process Costs:
Material
P46,250
Conversion
60,675
Current Costs:
Material
P170,625
Conversion
265,335
All materials are added at the start of the production process. RMG Corporation inspects goods at 100 percent completion as to conversion.Using the method that does not commingle the beginning and current period production activity
Required: (Use five decimal places to compute for unit cost)
a. What are equivalent units of production for conversion cost?
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Accounting A Pathway Into The World Of Business And Data Analytics
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
29th Edition
0357899644, 9780357899649
