Bcauty Alun Sdn Bhd (BASB) is a manufacturer of quality hair care products, which operates in Kedah. In the production, cach product will pass through two (2) operating departments: Mixing and Packaging. BASB uses the weighted average method in allocating the manufacturing costs. The ingredients are combined in the Mixing Department and finally are packed into 1-liter containers in the Packaging Department. The following information pertains to the Mixing Department for the month of November 2020 Units (in Liters) Work in process, November 1 (100% complete materials, 75% labor and overhead) 10,000 50.000 Started during November Work in process, November 30 (100% complete materials, 50% labor and overhead) 8.000 The costs in work in process on November 1, in the Mixing Department were as follows: Mixing Department (in RM) Work in process, November 1: Materials Direct labor Manufacturing overhead Total costs 15,000 20,000 17,600 52,600 The costs added by the Mixing Department during the month of November were as follows: Materials Direct labor Manufacturing overhead Total costs added (Round unit costs to two decimal places) Mixing Department (in RM) 90,000 120,000 100,000 310.000 RKAM 2013 MANAGEMENT ACCOUNTING I REQUIRED: Prepare a physical flow schedule for the Mixing Department for November 2020. Show all workings (3 Marks) (b) Determine the equivalent units of production for materials and conversion for the Mixing Department for November 2020. Show all workings. (3 Marks) (C) Determine the total cost per equivalent unit of production for materials and conversion for the Mixing Department for November 2020. Show all workings. (5 Marks) Determine the cost of goods transferred out and the cost of ending work in process for the Mixing Department. Show all workings. (3 Marks) (e) In line with the current lean manufacturing practices, BASB plans to adopt Just-in-Time (JIT) approach to its inventory system. Discuss how the adoption of this approach will affect the BASB's process costing method. (3 Marks) Due to COVID-19 pandemic which hit Malaysia since late January 2020, the inflation rate of this country has increased. Accordingly, the financial accounting reports for the year ended 31 December 2020 of BASB have never seemed to match the actual results of the company. Management has studied the problem and it appeared that the beginning inventories may be the cause of the unmatched information. The reason for this is that the inventory costs have been fluctuated due to the inflation, Suggest the best way on how process costing can assist in addressing the problem faced by BASB. Provide justifications for your suggestion. (3 Marks) 5 Bcauty Alun Sdn Bhd (BASB) is a manufacturer of quality hair care products, which operates in Kedah. In the production, cach product will pass through two (2) operating departments: Mixing and Packaging. BASB uses the weighted average method in allocating the manufacturing costs. The ingredients are combined in the Mixing Department and finally are packed into 1-liter containers in the Packaging Department. The following information pertains to the Mixing Department for the month of November 2020 Units (in Liters) Work in process, November 1 (100% complete materials, 75% labor and overhead) 10,000 50.000 Started during November Work in process, November 30 (100% complete materials, 50% labor and overhead) 8.000 The costs in work in process on November 1, in the Mixing Department were as follows: Mixing Department (in RM) Work in process, November 1: Materials Direct labor Manufacturing overhead Total costs 15,000 20,000 17,600 52,600 The costs added by the Mixing Department during the month of November were as follows: Materials Direct labor Manufacturing overhead Total costs added (Round unit costs to two decimal places) Mixing Department (in RM) 90,000 120,000 100,000 310.000 RKAM 2013 MANAGEMENT ACCOUNTING I REQUIRED: Prepare a physical flow schedule for the Mixing Department for November 2020. Show all workings (3 Marks) (b) Determine the equivalent units of production for materials and conversion for the Mixing Department for November 2020. Show all workings. (3 Marks) (C) Determine the total cost per equivalent unit of production for materials and conversion for the Mixing Department for November 2020. Show all workings. (5 Marks) Determine the cost of goods transferred out and the cost of ending work in process for the Mixing Department. Show all workings. (3 Marks) (e) In line with the current lean manufacturing practices, BASB plans to adopt Just-in-Time (JIT) approach to its inventory system. Discuss how the adoption of this approach will affect the BASB's process costing method. (3 Marks) Due to COVID-19 pandemic which hit Malaysia since late January 2020, the inflation rate of this country has increased. Accordingly, the financial accounting reports for the year ended 31 December 2020 of BASB have never seemed to match the actual results of the company. Management has studied the problem and it appeared that the beginning inventories may be the cause of the unmatched information. The reason for this is that the inventory costs have been fluctuated due to the inflation, Suggest the best way on how process costing can assist in addressing the problem faced by BASB. Provide justifications for your suggestion. (3 Marks) 5