Reference no: EM132807258

ABC, Inc. uses a process costing system to accumulate costs related to silk scarf production. Selected data for scarf production for last quarter is provided below:

                                                                  Materials          Conversion
Unit cost,          FIFO method
FIFO equivalent units                           4,200           4,500
Cost in beginning work in process           P 630         P 270
Total cost to be accounted for           P24,780

Problem 1: What is Unit cost, FiFO method in materials?

Problem 2: What is Unit cost, FiFO method in Conversion?

Problem 3: What is total cost to be accounted for?