In a continuous flow process, the following information was collected in relation to production during the month
Question:
In a continuous flow process, the following information was collected in relation to production during the month of May:
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.
Transcribed Image Text:
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
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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
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