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What is the conversion cost of normal spoilage

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Reference no: EM132826396

Bitamina Inc. manufactures their product in two departments in a continuous process. Production data for the month of October 2008 are as follows:

Beginning work in Process, 40% completed 500 units

Received from preceding department 2,000 units

Normal spoilage 200 units

Abnormal Spoilage 300 units

units completed and transferred out 1,700 units

Ending work in process, 1/3 completed 300 units

Conversion Cost in beginning inventory P610

Current period conversion cost P3,990

all spoilage occurs at the end of the process.

Question 1: What is the conversion cost of abnormal spoilage? (FIFO and Average Method respectively)

a. P570 P519

b. P657 P600

c. P570 P600

d. P600 P570

Question 2: What is the conversion cost per equivalent unit (FIFO and Average Method respectively)

a. P1.90 P1.73

b. P2.19 P2.00

c. P2.00 P1.90

d. P1.90 P2.00

Question 3: What is the conversion cost of normal spoilage? (FIFO and Average Method respectively)

a. P438 P400

b. P380 P346

c. P400 P380

d. P380 P400

Reference no: EM132826396

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