pg-1 Tampa Corporation uses FIFO process costing, It had the following results in September: Beginning inventory, 60% completed Units completed Ending inventory, 40% completed Cost of beginning inventory Current period costs 2,000 units 8,000 units 1,000 units P 24,000 P158,400 Required: Compute the equivalent unit production for September. b. Compute the unit cost for September. Compute the cost of ending inventory of work in process. d. Compute the cost transferred to finished goods. а. C.

pg-1 Tampa Corporation uses FIFO process costing, It had the following results in September: Beginning inventory, 60% completed Units completed Ending inventory, 40% completed Cost of beginning inventory Current period costs 2,000 units 8,000 units 1,000 units P 24,000 P158,400 Required: Compute the equivalent unit production for September. b. Compute the unit cost for September. Compute the cost of ending inventory of work in process. d. Compute the cost transferred to finished goods. а. C.

Name: pg-1 Tampa Corporation uses FIFO process costing, It had the followin
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Description: pg-1 Tampa Corporation uses FIFO process costing, It had the following results in September:Beginning inventory, 60% campletedUnits completedEnding inventory, 40% completedCost of beginning inventoryCurrent period costs2,000 units8,000 units1,000 un

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 2CMA: Jones Corporation uses a first-in, first-out (FIFO) process cost system. Jones has the following...

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Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations books, reflect the results of manufacturing operations during October: Production Costs Work in process, beginning of period: Costs incurred during month: Production Data: 13,000 units finished and transferred to stockroom Work in process, end of period, 2,000 units one-half completed Required: Prepare a cost of production summary for October.
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