Problem 7: Cost of Production Report Helen Company uses FIFO process costing. Data are as follows: Beginning inventory 40% complete Units completed during period Ending inventory 70% complete 25,000...

PLEASE ANSWER ONLY A AND B

Extracted text: Problem 7: Cost of Production Report Helen Company uses FIFO process costing. Data are as follows: Beginning inventory 40% complete Units completed during period Ending inventory 70% complete 25,000 units 500,000 units 45,000 units


Extracted text: The cost of the beginning inventory was P14,500 and current period production costs were P834,400. Required: a. Compute equivalent production. b. Compute the unit cost. Compute the cost of the ending inventory of work in process. с. d. Compute the cost of goods completed and transferred to finished goods inventory.