The following information is available for Lima Corporation for the current year (SEE PICTURE BELOW): All...

 

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The following information is available for Lima Corporation for the current year (SEE PICTURE BELOW): All materials are added at the start of production. What is the cost of units transferred out using weighted average? * A Beginning Work in Process (75% complete) Started Costs of Beginning Work in Process: Material 14,500 units 75,000 units P25,100 50,000 Conversion Current Costs: Ending Work in Process (60% complete) Abnormal spoilage Normal spoilage (continuous) Transferred out 16,000 units 2,500 units 5,000 units Material Conversion P120,000 300,000 66,000 units 409,107 384,979 422,343 414,144 The following information is available for Lima Corporation for the current year (SEE PICTURE BELOW): All materials are added at the start of production. What is the cost of units transferred out using weighted average? * A Beginning Work in Process (75% complete) Started Costs of Beginning Work in Process: Material 14,500 units 75,000 units P25,100 50,000 Conversion Current Costs: Ending Work in Process (60% complete) Abnormal spoilage Normal spoilage (continuous) Transferred out 16,000 units 2,500 units 5,000 units Material Conversion P120,000 300,000 66,000 units 409,107 384,979 422,343 414,144

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CALCULATION OF EQUIVALENT UNITS PRODUCED Input Units Begin... View the full answer