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Question - Queens uses weighted average process costing. The following data are available for the month:
Beginning inventory, 40% completed 5,000 units
Units completed 40,000 units
Ending inventory, 60% completed 6,000 units
Cost of beginning inventory P 10,000
Current period costs P 142,600
Required - Compute the unit cost?
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If the NPV of this proposed idea is R0 based on a required rate of return of 15%, would you recommend the company to go-ahead with the decision?
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Journalize the entries to record the operations, identifying each entry by letter. Compute the July 31 balances of the inventory accounts. Compute the July 31 balances of the factory overhead accounts.
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