Question
The Masaya Corporation manufactures only one produet, and raw materials must pass through Processes A, B, and C, in that or der, before completion On
The Masaya Corporation manufactures only one produet, and raw materials must pass through Processes A, B, and C, in that or der, before completion On October 1, the inventories of Process C and Finished Goods were - 1,200 units, 2/3 completed, P4,200. Process C Finished Goods- 1,000 units, at P3.00 per unit. During October, 2,000 units valued at P5,000 were transferred in from Process B. Direct labor cost in Process C was P3,100 and the overhead cost applied to Process C was P3,200. The inventories on October 31 were: Process C 600 units, 1/2 completed. Finished Goods - 1,300 units The conversion cost per equivalent unit for October is: a. P1.50 b. P2.75 c. P3.00 d. P3.50
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