Question

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,600 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $20,200. An additional 92,000 units were started into production during the month. There were 25,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $844,880 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:
$10.600
$8.310
$9.979
$9.886

Answer 1

Answer:

P140,000

Step-by-step explanation:

Let's identify the given first and give substitution on variables for simplicity.

B = Beginning Inventory  

N = Net Cost of Purchase

E = Ending Inventory

S = Cost of Goods Sold

The Values of our variables are this:

B = P50,000

N = P125,000

E = P35,000

S = ?

Our problem is to find "S", the Cost of Goods Sold.

S = (B+N) - E

Subtitute the Values

S = (P50,000 + P125,000) - P35,000

Add first the values inside the clause.

S = P175,000 - P35, 000

Proceed on Subtracting

S = P140,000

So the total value of Cost of Goods that were sold is P140,000.

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