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Royce Pogi Manufacturing Co. uses process costing in the manufacture of its sole product. The following information is available for the current year: Units started
Royce Pogi Manufacturing Co. uses process costing in the manufacture of its sole product. The following information is available for the current year: Units started 100,000 units WIP, beg. (80% complete) 20,000 units Normal spoilage 3,500 units Abnormal spoilage 5,000 units WIP, end (20% incomplete) 14,500 units Cost of beginning WIP Material P90,000 Conversion 210,000 Current cost Material 690,000 Conversion 471,150 All materials are added at the start of the process. Royce Pogi inspects goods at 75% completion as to conversion Required: Using FIFO. 1. Compute for the EUP for materials and conversion. 2.Compute for the cost per EUP for materials and conversion 3.Compute for the cost assigned to units completed 4.Compute for the cost assigned to the ending inventory Using average costing... 5.Compute for the EUP for materials and conversion 6.Compute for the cost per EUP for materials and conversion 7. Compute for the cost assigned to units completed. 8. Compute for the cost assigned to the ending inventory Answer with text and/or attachments
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