25. Frozen Inc. adds materials at the beginning of the process in department USB. Conversion costs...
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25. Frozen Inc. adds materials at the beginning of the process in department USB. Conversion costs were 70% complete as to the 9,500 work-in- process units on September 1 and 40% incomplete as to the 7,000 work-in- process units on September 30. During September, 12,000 units were completed and transferred to the next department. An analysis of the cost relating to work- in-process on September 1 and to production activity for September is as follows: Work-in-process, September 1 Materials P10,000 Conversion Costs P12,000 Costs incurred during September Materials P45,000 Conversion Costs P60,000 25. Frozen Inc. adds materials at the beginning of the process in department USB. Conversion costs were 70% complete as to the 9,500 work-in- process units on September 1 and 40% incomplete as to the 7,000 work-in- process units on September 30. During September, 12,000 units were completed and transferred to the next department. An analysis of the cost relating to work- in-process on September 1 and to production activity for September is as follows: Work-in-process, September 1 Materials P10,000 Conversion Costs P12,000 Costs incurred during September Materials P45,000 Conversion Costs P60,000
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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