For the month of May 2011, the Finishing Department of Apple Inc, had in opening work in process 80% complete units and in ending work in process 50% complete units. Related date for the month follow:

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?

Answer rating: 100% (QA)

To calculate the conversion cost of the work in process at the end of May using firstin firstout FIF... View the full answer