Solution-How many units were completed in december

How many units were completed in december

Assignment Help Cost Accounting

Reference no: EM133180132

Question - EPHI manufactures mailboxes and the company applied actual costing method. The following data represent transactions and balances for December 2020, the company first month of operations with an ending work in process inventory of 5,000 units, ending finished goods inventory of 5,000 units and selling price of P22.00 per unit:

Purchased direct materials on account	P286,000
Accrued direct labor payroll	134,000
Paid factory rent	3,600
Accrued factory utilities	16,200
Recorded factory equipment depreciation	15,800
Paid factory supervisor salary	6,400
Ending direct materials inventory	62,000
Ending work in process inventory	32,000
Ending finished goods inventory	?
Sales on account	594,000

1. How many units were completed in December?

A. 35,000

B. 27,000

C. 25,000

D. 32,000

2. What was the total cost of goods manufactured?

A. P362,000

B. P342,000

C. P368,000

D. P332,000

3. What was the per-unit cost of goods manufactured in December?

A. P13.41

B. P11.50

C. P13.50

D. P11.22

Reference no: EM133180132

Questions Cloud

Podcast on Entrepreneurial Government : How does it impact citizens, states, and the world? Why is this important to understand this issue now?

Calculate the regular selling price of the sculptures : Stephanie buys sculptures from Toronto and sells them in her studio in Vancouver. Calculate the regular selling price of the sculptures

Third step grievance meeting : Consider a case in which David, a union member, has been fired from his job on a production line in a factory.

Concept of a covered entity : This week, we have learned about HIPAA, privacy issues, and the concept of a covered entity. You may face some of these issues as a health care professional. Fo

How many units were completed in december : EPHI manufactures mailboxes and the company applied actual costing method. How many units were completed in December

Aspect of hipaa or ferpa : This week, we have learned about HIPAA, privacy issues, and the concept of a covered entity. You may face some of these issues as a health care professional. Fo

What patent law changed the way patents are filed : What patent law changed the way patents are filed? What are the problems with the current U.S.A. patent laws that relate to technology?

Marginal cost in a dynamic setting : A natural monopolist company has 51000 in fixed costs on basic scientific research and a constant marginal cost of $10 per unit produced. It faces a demand curv

Concept of land bridge : What is the concept of a land bridge? What effect will such a con- cept have on the frequency of use of containers in shipping cargo?

User Account

All Pages

How many units were completed in december

Reference no: EM133180132

Reference no: EM133180132

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT