FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Cheatchat Company uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 28,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. Theconversion cost in this beginning work in process inventory was P12,610. An additional 89,000 units were started into production during the month. There were 22,000 units in the ending work in process inventory of the Welding Department that were 30% complete with respect to conversion costs. A total of P806,085 in conversion costs were incurred in the department during the month.What would be the cost per equivalent unit for conversion costs for the month on the department's production report?

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