In the last process, it received 250,000 units at total cost of P1,750,000 from preceding process. 100%
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In the last process, it received 250,000 units at total cost of P1,750,000 from preceding process. 100% Materials are added at 50% stage of completion. 2,500 units were discovered lost during inspection at 90% stage of completion, of which 1,000 units were considered as normal. Materials and conversion added in this process were P250,000 and P190,000, respectively. At the end of the process, there were no in-process inventory. How much is charged to finished goods?
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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