Solution-Prepare a production cost worksheet using the FIFO

Prepare a production cost worksheet using the FIFO method

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Reference no: EM132872615

Question - Leslie Company uses an automated process to manufacture its glass products. For January, the company had the following activities:

Beginning work in process inventory 6,000 items, 1/4 complete

Units placed in production 14,000 units

Units completed 17,000 units

Ending work in process inventory 3,000 items, 50% complete

Cost of beginning work in process P36,000

Direct material costs, current 42,000

Conversion costs, current P68,000

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.

Required - Prepare a production cost worksheet using the FIFO method?

Reference no: EM132872615

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Prepare a production cost worksheet using the FIFO method

Reference no: EM132872615

Reference no: EM132872615

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