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Simon uses weighted-average process costing. It had the following results in July. Beginning inventory, 60% complete 2,000 units Units completed 10,000 units Units in ending
Simon uses weighted-average process costing. It had the following results in July.
Beginning inventory, 60% complete 2,000 units
Units completed 10,000 units
Units in ending inventory, 40% complete 1,000 units
Cost of beginning inventory P21,000
Current period production costs P166,200
Compute the equivalent unit production for July.
Compute the ending inventory of work in process.
Compute the cost transferred to finished goods..
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