Given for certain process: Beg. WIP, 2/5 completed---------------------- 500 units Transferred in ------------------------------------2,000 units Normal spoilage...

Given for certain process:

Beg. WIP, 2/5 completed---------------------- 500 units

Transferred in ------------------------------------2,000 units

Normal spoilage ---------------------------------200 units

Abnormal Spoilage ------------------------------300 units

Goods completed and transferred out-----1,700 units

End. WIP 1/3 completed -----------------------300 units

Conversion costs in beginning inventory---P 610

Current period conversion costs--------------P 3,990

All spoilage occurs at the end of the process

The conversion cost components of abnormal spoilage (FIFO METHOD)?

The conversion cost components of abnormal spoilage (WAVE METHOD)?

Expert Solution

ekkarill92 answered 2 years ago

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