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!). Asabea Fruity produces Pure Apple Juice in three processing departments = Preparation, Extraction, and Packaging. Provided below are data relating to litres of juice
!). Asabea Fruity produces Pure Apple Juice in three processing departments = Preparation, Extraction, and Packaging. Provided below are data relating to litres of juice processed in the Extraction Department in March, the first department in the manufacturing process. Licres of Percentage Completed Juice Materials Conversion Work in process, March I 100,00 0 909 ROE Work in process, March 31 70.000 60% 20% Scarted into production during March 610.00 0 Cost data relating to apple juice production in March are provided below: Material cost in work in process inventory. March I GH530,000 Conversion cost in work in process inventory, March I GH525,000 Material cost added during March GHS190.000 Conversion cost added during March GH$70,000 Required: On the assumption that the firm uses the weighted average method in its process costing system, Compute the equivalent units of production for March [3 points] Compute cost per equivalent unit for materials and conversion [3 points] Compute the cost of units transferred and ending work in process inventory [3 points] iv) Prepare a cost reconciliation report for the Mixing Department for June [3 points] [Total = 25 points]
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