Aim Mfg. Co., which, on December 1, had 6,000 units of WIP in Department 2, the...
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Aim Mfg. Co., which, on December 1, had 6,000 units of WIP in Department 2, the second and last stage of its processing cycle. The costs attached to these 6,000 units were P12,000 of costs transferred in from Department 1, P2,500 of material costs added in Department 2, and P2,000 of conversion costs added in Department 2. Materials are added at the beginning of the process in Department 2. Conversion was 50% complete on December 1. During December, 14,000 units were transferred in from Department 1 at a cost of P27,000, and material costs of P3,500 and conversion costs of P3,000 were added in Department 2. On April 30, Department 2 had 5,000 units of WIP, 60% complete as to conversion costs. The costs attached to this 5,000 units were P10,500 of costs transferred in from Department 1, P1,800 of material costs added in Department 2. and P800 of conversion costs added in Department 2. Using the weighted average method, what were the equivalent units for the month of December for MATERIALS COSTS? Aim Mfg. Co., which, on December 1, had 6,000 units of WIP in Department 2, the second and last stage of its processing cycle. The costs attached to these 6,000 units were P12,000 of costs transferred in from Department 1, P2,500 of material costs added in Department 2, and P2,000 of conversion costs added in Department 2. Materials are added at the beginning of the process in Department 2. Conversion was 50% complete on December 1. During December, 14,000 units were transferred in from Department 1 at a cost of P27,000, and material costs of P3,500 and conversion costs of P3,000 were added in Department 2. On April 30, Department 2 had 5,000 units of WIP, 60% complete as to conversion costs. The costs attached to this 5,000 units were P10,500 of costs transferred in from Department 1, P1,800 of material costs added in Department 2. and P800 of conversion costs added in Department 2. Using the weighted average method, what were the equivalent units for the month of December for MATERIALS COSTS?
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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