Solution-What the cost of finished goods transferred out is

What the cost of finished goods transferred out is

Reference no: EM132739078

Problem 1: Garden Company had a beginning inventory of 6,000 units 60% complete, ending inventory of 6,000 units 80% complete, and transferred out 55,000 units. FIFO unit costs were P2.15 for materials, P1.25 for conversion costs. All materials are added at the start of the process. Beginning inventory cost P9,400. The cost of finished goods transferred out is

a. P187,000
b. P139,750
c. P207,400
d. P179,000

Reference no: EM132739078

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What the cost of finished goods transferred out is

Reference no: EM132739078

Reference no: EM132739078

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