The following information pertains to the month of July for Stanley Company: Beginning work in process inventory P17,500 (10,000 units: 100% complete for materials, and 60% complete for labor and overhead) Units completed - 60,000 units Cost per equivalent unit: Materials P2.50; Labor and overhead, P2.00) 3. Given the data above, the cost of units transferred out during the month is: a. P 260,000 b. P 242,500 C. P 254,500 d. P 250,500

The following information pertains to the month of July for Stanley Company: Beginning work in process inventory P17,500 (10,000 units: 100% complete for materials, and 60% complete for labor and overhead) Units completed - 60,000 units Cost per equivalent unit: Materials P2.50; Labor and overhead, P2.00) 3. Given the data above, the cost of units transferred out during the month is: a. P 260,000 b. P 242,500 C. P 254,500 d. P 250,500

Name: The following information pertains to the month of July for Stanley C
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Description: The following information pertains to the month of July for Stanley Company:Beginning work in process inventory P17,500 (10,000 units: 100% completefor materials, and 60% complete for labor and overhead)Units completed 60,000 unitsper equivalent uni

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 4BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...

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