Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the question fully 3.1 and 3.2 and as per allocated Mark's. take your time. QUESTION 3 25 MARKS Tsumeb Cc bottles mineral water that

image text in transcribed

image text in transcribed

Answer the question fully 3.1 and 3.2 and as per allocated Mark's. take your time.

image text in transcribed

QUESTION 3 25 MARKS Tsumeb Cc bottles mineral water that is purchased from a local farmer who obtains the water from a spring in near Etosha National Park. In the manufacturing process the water is purified and bottled, while conversion costs are incurred evenly. Production and cost information for June 2017 are supplied to you: Units Process 1 Costs Work in process-beginning (20% complete) 50000 Direct material R49 500 Conversion costs R7 948 Units placed into production 500 000 Cost incurred during the period Direct material R550 000 Conversion costs R464 400 60000 Work in process-ending (60% complete) Units completed and transferred QUESTION 3 25 MARKS Tsumeb Cc bottles mineral water that is purchased from a local farmer who obtains the water from a spring in near Etosha National Park. In the manufacturing process the water is purified and bottled, while conversion costs are incurred evenly. Production and cost information for June 2017 are supplied to you: Units Process 1 Costs Work in process-beginning (20% complete) 50000 Direct material R49 500 Conversion costs R7 948 Units placed into production 500 000 Cost incurred during the period Direct material R550 000 Conversion costs R464 400 60000 Work in process-ending (60% complete) Units completed and transferred QUESTION 3 25 MARKS Tsumeb Cc bottles mineral water that is purchased from a local farmer who obtains the water from a spring in near Etosha National Park. In the manufacturing process the water is purified and bottled, while conversion costs are incurred evenly. Production and cost information for June 2017 are supplied to you: Units Process 1 Costs Work in process-beginning (20% complete) 50000 Direct material R49 500 Conversion costs R7 948 Units placed into production 500 000 Cost incurred during the period Direct material R550 000 Conversion costs R464 400 60000 Work in process-ending (60% complete) Units completed and transferred

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: Graham Cosserat

2nd Edition

0470863226, 978-0470863220

More Books

Students also viewed these Accounting questions