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How much should be the cost of the given

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Reference no: EM132966093

Problem - You are given the following data on the manufacturing operations of the entity for August. 2020:

In process, August 1 (8,000 units, 25% done) P2,100

Factory costs: Material cost 21,000

Labor cost 12,600

Applied overhead 8,400

Placed in process during the month 40,000 units

In process, August 31 10,000 units 40% done

Required - Assuming the equivalent units of production under FIFO were 40,000 units, how much should be the cost of the given units still in process as of August 31?

Reference no: EM132966093

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