7. Department Z of Cherry Corporation had the following data for the month of October, 2019: Beginning work in process, 70% complete Started in process during the month Ending work in process, 80%...


Subject: Cost Accounting


7. Department Z of Cherry Corporation had the following data for the month of October, 2019:<br>Beginning work in process, 70% complete<br>Started in process during the month<br>Ending work in process, 80% complete<br>The cost of the beginning work in process was P140,000, and the production costs for the month<br>amounted to P1,172,000. How many equivalent production units were completed in October, 2019<br>using FIFO method?<br>a. 280,000<br>40,000 units<br>300,000<br>60,000<br>b. 300,000<br>c. 320,000<br>d. 340,000<br>

Extracted text: 7. Department Z of Cherry Corporation had the following data for the month of October, 2019: Beginning work in process, 70% complete Started in process during the month Ending work in process, 80% complete The cost of the beginning work in process was P140,000, and the production costs for the month amounted to P1,172,000. How many equivalent production units were completed in October, 2019 using FIFO method? a. 280,000 40,000 units 300,000 60,000 b. 300,000 c. 320,000 d. 340,000

Jun 11, 2022
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