Squeeze Ltd produces low fat salad dressing. The following data relate to the year just ended:

During the year the company started 200,000 litres of material in production.
Required:
Prepare a schedule analysing the physical flow of unit and calculating the equivalent units of both direct material and conversation for the year. Use weighted average process costing.

Transcribed Image Text:

Percentage of completion Direct material Conversion 40 000 litres Work in process, 1 January Work in process, 31 December 40% 60% 30 000 litres 70% 20%