The following information pertains to the production of Beautiful Company for the month of January 2022:...

 

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The following information pertains to the production of Beautiful Company for the month of January 2022: * (2 Points) Units started Work in process, beginning (35% complete) Work in process, end (70% complete) Transferred out Work in process beginning costs: Materials Conversion 100,000 20,000 14,500 97,000 60,000 40,000 All materials are added at the start of the process. The company inspect goods at 75% completion as to conversion. The cost per EUP for the current month are P4 and P6 for materials and conversion costs, respectively. Normal spoilage is 3.5% of the current month input. Weighted average method is used. How much is the cost assigned to the transferred-out units? Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available: * (2 Points) A 8,500 P10,200 8,400 P6 B 9,700 P19,400 9,700 P5 C 6,900 P6,900 6,400 P4 Units produced Processing costs after split off Units sold Ultimate selling price per unit There were no beginning inventories, and joint cost data during the month amounted to P49,830. Using the market value method, the joint cost apportioned to each product will be The following information pertains to the production of Beautiful Company for the month of January 2022: * (2 Points) Units started Work in process, beginning (35% complete) Work in process, end (70% complete) Transferred out Work in process beginning costs: Materials Conversion 100,000 20,000 14,500 97,000 60,000 40,000 All materials are added at the start of the process. The company inspect goods at 75% completion as to conversion. The cost per EUP for the current month are P4 and P6 for materials and conversion costs, respectively. Normal spoilage is 3.5% of the current month input. Weighted average method is used. How much is the cost assigned to the transferred-out units? Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available: * (2 Points) A 8,500 P10,200 8,400 P6 B 9,700 P19,400 9,700 P5 C 6,900 P6,900 6,400 P4 Units produced Processing costs after split off Units sold Ultimate selling price per unit There were no beginning inventories, and joint cost data during the month amounted to P49,830. Using the market value method, the joint cost apportioned to each product will be

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1 Cost Assigned to TransferredOut Units To calculate the cost assigned to the transferredout units using the weighted average method we need to calcul... View the full answer