[8] Leonardo Ltd adds raw materials to production at the beginning of the process in the Assembly Department. Materials data for this department for March are as follows: Work in progress, March 1 Started during March Work in progress, March 31 Costs Units 25,000 Materials Conversion 68,750 167,650 100,000 300,000 903,350 10,000 Beginning inventory was 70 per cent complete. Ending inventory was 40 per cent complete. How many equivalent units for conversion costs will there be for Leonardo Ltd in March using the FIFO method? a) 100,000 units b) 111,500 units c) 125,000 units d) 101,500 units 3 Marks [9] Raffaello Company incurred 200,000 to manufacture the following products in a joint process: Selling Price Product Units Produced Weight per Unit per Unit | 500 8 kgs 5 1,000 6 kgs 10 K 1,500 4 kgs 10 2,000 2 kgs 5 Page 4 of 13 Cont'd... ACC1003/May 2017 How much joint cost will be allocated to product J based on its total weight? a) 33,333 b) 26,667 c) 60,000 d) 40,000 2 Marke