Problem 6: Cost of Production Report Mara uses weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed Units in ending inventory, 40%...


Problem 6: Cost of Production Report<br>Mara uses weighted-average process costing. It had the following data in<br>August.<br>Beginning inventory, 60% complete<br>Units completed<br>Units in ending inventory, 40% complete<br>Cost of beginning inventory<br>Current period production costs<br>10,000 units<br>50,000 units<br>5,000 units<br>P105,000<br>P831,000<br>a. Compute the equivalent unit production for August.<br>b. Compute the unit cost for August.<br>Compute the ending inventory of work in process.<br>d. Compute the cost transferred to finished goods.<br>C.<br>

Extracted text: Problem 6: Cost of Production Report Mara uses weighted-average process costing. It had the following data in August. Beginning inventory, 60% complete Units completed Units in ending inventory, 40% complete Cost of beginning inventory Current period production costs 10,000 units 50,000 units 5,000 units P105,000 P831,000 a. Compute the equivalent unit production for August. b. Compute the unit cost for August. Compute the ending inventory of work in process. d. Compute the cost transferred to finished goods. C.

Jun 11, 2022
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