What the conversion cost per equivalent unit for october is

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Reference no: EM132774428

The Masaya Corporation manufactures only one product, and the raw materials must pass through Processes, A, B and C in that order, before completion.

On October 1, the inventories of Process C N Finished Goods were:

Process C - 1,200 units, 2/3 completed, P4,200.

Finished Goods 1,000 units, at P3.00 per unit

During October, 2,000 units valued at P5,000 were transferred in from Process B. Direct labor cost in Process C was P3,100 and the overhead cost applied to process C was P3,200.

The inventories on October 31, were

Process C 600 units ½ completed

Finished Goods 1,300 units

Problem 1: The conversion cost per equivalent unit for October is:

a. P1.50 b. P2.75 c. P3.00 c. P3.50

Reference no: EM132774428

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