Solution-What would be the cost of goods completed and

What would be the cost of goods completed and transferred

Assignment Help Cost Accounting

Reference no: EM132756716

Question - IMBA Products Company produces Banana fruit drink. The units and equivalent (in liters), as well as unit costs, for the Mix Department are as follows:

	Materials	Conversion
Equivalent units in beginning work in process	21,000	4,200
Units started and completed	140,000	140,000
Equivalent units in ending work in process	10,500	6,300
Unit Cost	P6.50	P10.50

Required -

1. Assuming the company uses the FIFO method. If the beginning work in process inventory was valued at P441,000, what would be the cost of goods completed and transferred?

2. Assuming the company uses the Weighted average method. If the beginning work in process inventory was valued at P441,000, what would be the cost of ending inventory?

Reference no: EM132756716

Questions Cloud

Compute the materials price variance : Beginning In process = 0; Ending in process = 800 units, 80% complete to labor; material is issued at beginning of processing. Compute materials price variance

Pastime and as glimpse into our culture : Movies and television are very important in our culture: as a pastime and as a glimpse into our culture.

What is the mind-body problem : What is the mind-body problem? How does Descartes deal with it? Is he successful? Why or Why not?

Statistical process control methods to business process : The purpose of this assignment is for students to learn how to apply Statistical Process Control Methods to a business process.

What would be the cost of goods completed and transferred : If the beginning work in process inventory was valued at P441,000, what would be the cost of goods completed and transferred

Explain the valid and invalid syllogisms : All chickens have feathersThis animal has feathers.Therefore, this animal is a chicken. All chickens are green.

Pro death penalty argument : Please appeal primarily to Kant's or/and Utilitarian claims to support your objections to the given argument.

Discuss how the three levels of management hierarchy : Discuss how the three levels of management hierarchy: strategic, management, and operational relates to the mission of a business.

Determine the capital balance of apple : The agreed capital of the partnership after the admission of Oppo is P310,000. Determine the capital balance of Apple after the admission of Oppo

User Account

All Pages

What would be the cost of goods completed and transferred

Reference no: EM132756716

Reference no: EM132756716

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT