Maganda Corporation uses Material A which is applied at the start of the process, while material B
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Question:
Maganda Corporation uses Material A which is applied at the start of the process, while material B is added to the good units. Inspection is at 90% completion. Normal spoilage is 5% of good output. the following info were given:
1. IPB 3,000 units (40% completed) ; started in process 20,000 units ; transferred to next Dept 16,500 units; IPE inventory 4,500 units (95% completed)
Required:
1.What is the EUP of Material A. using FIFO method?
2.What is the EUP of material B using FIFO method
3.What is EUP of conversion cost using Fifo method
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
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