accounting

Work in process, 1 April 20 000 litres Direct Materials - 100% complete 54600 Conversion - 10 % complete 4670 $59,270 Physical flow of units Units in Opening WIP 20 000 litres Units started during April 380 000 litres Units completed during April & transferred to Finishing Department 390 000 litres Units in closing WIP 10 000 litres Direct material -100 % complete Conversion -50 % complete Costs incurred during April Direct Materials 505 400 Conversion- Direct labour 30 880 Manufacturing Overhead 110 600 Total production costs incurred during April $646 880 Prepare schedules for the month of April using Weighted average and FIFO method of process costing 1. Analysis of physical flow of units 2. Calculation of equivalent units 3. Calculation of unit costs 4.Analysis of total costs 5 Process Account