cost accounts

Heading Subtitle Paragraph Question No.1 Production and cost data for the month of February for Process A of the Nizwa Manufacturing Company were as follows: Production record: Units in process. February (100% complete with respect to materials: 25% Units complete with respect to conversion sost). 2,000 New units started in process 9,000 Units completed 6.000 Units in process. February 28 (100% complete with respect to materials, 1/3 complete with respect to labour and overhead) 5.000 Cost record: Work in process inventory February 15 Materials Labour and overbead OMR 800 200 1.000 Costs for February Materials issued Labour and overbend 38360 F300 The company uses the FIFO cost method in its process costing system Required 1. Statement of equivalent production 2 Statement of cost per equivalentul 3 Process A account CEO Marks e hp