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STATEN The Ylang-Ylang Corporation, engaged in manufacturing business uses process costing, and gave us the following production data from three different situations. Stages of completion
STATEN The Ylang-Ylang Corporation, engaged in manufacturing business uses process costing, and gave us the following production data from three different situations. Stages of completion of inventories apply to all cost elements. 1. Started in process, 6,500 units; completed 5,500 units; in process, end, 400 units 50% completed and 600 units 25% completed. 2. Beginning inventory, 6,250 units 40% completed; started in process, 25,000 units; completed, 26,250 units; in process at the end, 3,000 units 50% completed and 2,000 units 25% completed. 3. Beginning inventory, 6,000 units 30% completed; started in process, 13,000 units; completed 14,000 units; in process end - 3/4 is 50% completed and 1/4 is 75% completed. Required: (prepare in detailed format) 1500 ili samood 1. Using the FIFO costing, compute for the EUP using the three different cases. 2. Using the Average method, compute for the EUP using the different cases.
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