Reference no: EM132826393

Started this cycle 2,000 units

Beginning Inventory (30% complete to Material B and 60% complete for conversion) 700 units

Ending Inventory (50% complete to Material B and 80% complete for conversion) 500 units

Beginning inventory Cost:

Material A 14,270

Material B 5,950

Conversion 5,640

Current Period Cost:

Material A 40,000

Material B 70,000

Conversion 98,100

Material A is added at the start of production, while material B is added uniformly throughout the process.

Problem 1: Assuming a weighted average method of process costing, compute EUP units for Material A and B.

a. 2,700 and 2,280, respectively

b. 2,000 and 2,240, respectively

c. 2,700 and 2,450, respectively

d. 2,240 and 2,700, respectively

Problem 2: Assuming a weighted average method of process costing, compute the average cost per unit for Material A.

a. P20.10

b. P20.00

c. P31.25

d. P31.00

Problem 3: Assuming a FIFO method of process costing, compute EUP for conversion.

a. 2,240

b. 2,180

c. 2,280

d. 2,700

Problem 4: Assuming a FIFO method of process costing, compute the average cost per EUP for Material B.

a. P20.10

b. P20.00

c. P31.25

d. P31.00