For the month of May 2011, the Finishing Department of Apple Inc, had in opening work in
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Question:
Conversion Cost
Work in Process beginning - P 88,000
Units started and costs incurred - P 572,000
Units
Work in Process beginning - 50,000
Units started in May - 270,000
Units completed and transferred - 200,000
If the company uses first-in, first-out costing, the conversion cost of the work in process at the end of May would be?
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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