12. Hinghol Company has a cycle time of 3 days, uses a Materials and In process (MIP) account, and charges all conversion costs to Cost of Goods Sold, At the end of month, all inventories are counted , their conversion costs are estimated, and inventory account balances are adjusted. Raw material cost is back-flushed from MIP to Finished Goods. The following information is for June: Beginning balancer of MIP account including P3,000 Conversion cost P29,250 Beginning balance of Finished goods account, including P10,000 of Conversion cost 30,000 Raw materials received on credit 562,500 Ending MIP Inventory per physical count, including P4,500 of CC 32,000 Ending finished goods inventory per physical count, including P8,750 of Conversion 26,250 cost The raw material cost of units completed in June is: Group of answer choices a. P26,250 c. P562,500 b. P561,250 d. P27,500

. Quality Tea manufacturing company has given the following details for a particular process: During the month of June, 1,600 units were already in process, and another 10,000 units were started. At the end of the period, 8,600 units were completed. All of the Direct Materials (DM) are added at the beginning of the process; however, Conversion Costs (CC) are added evenly throughout the process. Quality follows the Weighted-Average method of inventory valuation. Ending Work-in-Progress (WIP) Inventory was two-thirds complete with respect to Conversion Costs. Find equivalent units in the ending WIP Inventory with respect to Conversion Costs. (Round units to whole number.) A) 1,000 units B) 2,000 units C) 3,000 units D) 8,600 units

A production department's beginning inventory cost includes $490,000 of conversion costs. This department incurs an additional $1,037,500 in conversion costs in the month of March. Equivalent units of production for conversion total 925,000 for March. Calculate the cost per equivalent unit of conversion using the weighted-average method. Cost per equivalent unit of conversion Choose Numerator Choose Denominator Cost per equivalent unit of production

Star Plastic company produces plastic cups. table below are the data for April 2019. Star Plastic uses the weighted average method for inventory calculations. raw materials are added at the beginning of the production process while conversion costs are added evenly throughout the process. calculate equivalent units (EU) for DIRECT MATERIALS Physical Units Direct Conversion Materials Costs $ 13,332 Work in process, beginning inventory (April 1) Degree of completion of beginning work in process Started during April Good units completed and transferred out during April Work in process, ending inventory (April 30) Degree of completion of ending work in process Total costs added during April Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage 2,400 $21,240 100% 50% 12,000 10,800 2,160 100% 75% $97,560 $111,408 10% 100% 100% 100% 100%