Question: Using FIFO, what is the conversion cost component of normal spoilage? Given for a certain process: Beginning WIP, 2/5 completed. ... 500 units Transferred in....2,000

Using FIFO, what is the conversion cost component of normal spoilage?

Given for a certain process: Beginning WIP, 2/5 completed. ... 500 units Transferred in....2,000 units Normal spoilage....200 units Abnormal spoilage.....300 units Goods completed.....1,700 units Ending WIP is 2/3 incomplete Conversion cost, beginning is P 610 Added conversion cost is P 3,990

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