Question: Given for certain process: Beg. WIP, 2/5 completed---------------------- 500 units Transferred in ------------------------------------2,000 units Normal spoilage ---------------------------------200 units Abnormal Spoilage ------------------------------300 units Goods completed and

  1. Given for certain process:

Beg. WIP, 2/5 completed---------------------- 500 units

Transferred in ------------------------------------2,000 units

Normal spoilage ---------------------------------200 units

Abnormal Spoilage ------------------------------300 units

Goods completed and transferred out-----1,700 units

End. WIP 1/3 completed -----------------------300 units

Conversion costs in beginning inventory---P 610

Current period conversion costs--------------P 3,990

All spoilage occurs at the end of the process

The conversion cost components of abnormal spoilage (FIFO METHOD)?

The conversion cost components of abnormal spoilage (WAVE METHOD)?

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