Solution-What the cost of ending inventory under WAM

What the cost of ending inventory under WAM

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Question - Johnson Company adds materials, 50% at the start of the process and 50% at the end of the process in Department A. Conversion costs were 70% complete as to the 8,000 units in process on January 1 and 50% complete as to the 6,000 units in process on January 31. During the month of January, 12,000 units were transferred to Department B. An analysis of the costs relating to Work in Process is as follows:

Work in process, 1/1: Materials, P12,000; Conversion costs, P25,000 Costs added during the month: Materials, P79,800; Conversion costs, P125,000

Required - What the cost of ending inventory under WAM?

Reference no: EM133148825

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What the cost of ending inventory under WAM

Reference no: EM133148825

Reference no: EM133148825

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