Reference no: EM132764535

Question - 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.

Q1. Find the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories?

a. 15,650

b. 14,850

c. 18,500

d. 15,300

Q2. Find the number of equivalent units of production for the period for materials if the first-in, first-out method is used to cost inventories?

a. 15,000

b. 17,800

c. 16,000

d. 14,000