Solution-Find what is cost of ending inventory at the end

Find what is cost of ending inventory at the end of january

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Reference no: EM132649386

In January 2020, Timberland Company had the following production and cost data:

Beginning inventory units (80% complete as to DM; 42,600 45% complete as to DL; 30% complete as to OH)

January completed production 1,570,400

Units in ending inventory (35% complete as to DM; 28,400 15% complete as to DL; 5% complete as to OH)

Beginning inventory cost                               P 458,482
January direct material cost per EUP                     P 10.74
January direct labor cost per EUP                        P 13.88
January overhead cost per EUP                             P 24.80

Questions:

Question a) What is the cost of the beginning inventory transferred out in January?

Question b) What is the total cost transferred out in January?

Question c) What is the cost of ending inventory at the end of January?

Question d) What is the total cost to account for during January?

Reference no: EM132649386

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Find what is cost of ending inventory at the end of january

Reference no: EM132649386

Reference no: EM132649386

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