Scribd Logo
Upload

Welcome to Scribd!

  • If The Company Uses FIFO Method, The Conversion Cost of The Work in Process in The Cutting Department at The End of May Would Amount To

    Uploaded by

    Jess Siazon
    42 views1 page
    The Cutting Department of Sanina Co. began May with 50,000 units that were 80% complete in work-in-process with a cost of P88,000. During May, 270,000 additional units were started at a total conversion cost of P572,000. 200,000 units were completed and transferred, leaving 50,000 units that were 50% complete in work-in-process at the end of the month.

    Original Description:

    Original Title

    1.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The Cutting Department of Sanina Co. began May with 50,000 units that were 80% complete in work-in-process with a cost of P88,000. During May, 270,000 additional units were started at a total conversion cost of P572,000. 200,000 units were completed and transferred, leaving 50,000 units that were 50% complete in work-in-process at the end of the month.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    42 views1 page

    If The Company Uses FIFO Method, The Conversion Cost of The Work in Process in The Cutting Department at The End of May Would Amount To

    Uploaded by

    Jess Siazon
    The Cutting Department of Sanina Co. began May with 50,000 units that were 80% complete in work-in-process with a cost of P88,000. During May, 270,000 additional units were started at a total conversion cost of P572,000. 200,000 units were completed and transferred, leaving 50,000 units that were 50% complete in work-in-process at the end of the month.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1. For the month of May, the Cutting Department of Sanina Co.

    had 80% complete as to


    the beginning work in process and 50% complete as to the ending work in process.
    Relate data follow:

    Units Conversion Cost

    Work in process, May 1 50,000 P88,000

    Unit started and cost incurred in May 270,000 572,000

    Units completed and transferred to the next 200,000


    department in May

    If the company uses FIFO method, the conversion cost of the work in process in
    the Cutting Department at the end of May would amount to:

    You might also like