answer this CoursHeroTranscribedText: Question 28 2 pts TIBAYAN MO Manufacturing uses a process cost system...
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CoursHeroTranscribedText: Question 28 2 pts TIBAYAN MO Manufacturing uses a process cost system to manufacture dust density sensors for the mining industry. The following information pertains to operations for the month of May, Bepinning work in process inventory, May 1 2.1,000 units Started in production during May 112,000 units Completed production during May 98,000 units Ending work in process inventory, May 31 22 000 units The beginning imentory was 60% complete for materials and 20% complete for the conversion costs. The ending inventory was 50%, complete for materials and 50% complete for conversion costs, The inspection point is where the materials are added into production which1 75% of completion. Costs pertaining to the month of Mary are as follows Beginning inventory costs are. materials. Php 55,200, direct labor. Php 45, 231, and factory overhead. Php 72.884, . Costs Incurred during May are material Php 836 400, direct labor. Php 220,050- and factory overhead, Php 604 110. Compute the cost of goods transferned out using FIFO method
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