Reference no: EM132715859

Department B had 3,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of P12,500. 14,000 units of direct materials were added during the period at a cost of P28,700. 15,000 units were completed during the period, and 2,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was P32,450 and factory overhead was P18,710.

Problem 1: The number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories was:

a. 15,650
b. 14,850
c. 18,500
d. 15,300

Problem 2: The number of equivalent units of production for the period for materials if the first-in, first-out method is used to cost inventories was:

a. 15,000
b. 17,800
c. 16,000
d. 14,000