In a continuous flow process, the following information was collected in relation to production during the month

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In a continuous flow process, the following information was collected in relation to production during the month of May: image text in transcribed

Opening work-in-progress was valued at cost of £42,000. Costs incurred during the month were £140,000.
Required Calculate the value of finished output and work-in-progress using the weighted average method.

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Management Accounting

ISBN: 978-0273701996

4th Edition

Authors: Pauline Weetman

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Question Posted: Feb 04, 2024 05:03 AM

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In a continuous flow process, the following information was collected in relation to production during the month

Question:

Work-in-progress at start of month (60% complete) New units introduced for processing Completed units transferred to store Work-in-progress at end of month (20% complete) Units 50,000 80,000 100,000 30,000

Step by Step Answer:

To calculate the value of finished output and workinprogress using the weighted average method follow these steps 1 Calculate Equivalent Units Determi...View the full answer

Management Accounting

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