Solution-What was the percentage of completion as to

What was the percentage of completion as to conversion costs

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Reference no: EM132816946

January 1 work-in process consisted of 5,000 units partially completed.

During the month an additional 110,000 units were started and 105,000 units were completed. The ending work-in-process was 3/5 complete a to conversion costs. Conversion costs are added evenly throughout the process. The following conversion costs were incurred:

Beginning costs for work-in process........................P 1,500
Total current conversion costs............................... 273,920

Problem 1: The conversion costs assigned to ending work-in process totaled P15,360 using the FIFO method of process costing. What was the percentage of completion as to conversion costs on the 5,000 units in BWIP?

Reference no: EM132816946

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What was the percentage of completion as to conversion costs

Reference no: EM132816946

Reference no: EM132816946

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