What the cost per equivalent production is

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Reference no: EM132774420

The following information pertains to Magaling Corporation's first department for the month of May 2020.

Number of units Cost of Materials

Beginning work in process 15,000 P5,500

Started in April 40,000 18,000

Units completed 42,000

Ending in process 12,500

Problem 1: All materials are added at the beginning of the process. Using the weighted average method, the cost per equivalent production is

a. P0.59 b. P0.55 c. P0.45 d. P0.43

Reference no: EM132774420

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