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Compute the average cost per unit for material a

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Reference no: EM132779240

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

Started this cycle 2,000 units

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

Beginning inventory costs:

Material A P14.270

Material B 5.950

Conversion 5.640

Current Period costs:

Material A P40,000

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 the average cost per unit for Material A.

a. P20.10

b. P20.00

c. P31.25

d. P31.00

Problem 2: Assuming a FIFO method of process costing, compute the cost per EUP for Conversion

a. P45.50

b. P45.00

c. P43.03

d. P47.59

Reference no: EM132779240

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