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E&F plce manufactures a product that passes through two departments. Data for a recent month for the first department is as follows: The beginning work
E\&F plce manufactures a product that passes through two departments. Data for a recent month for the first department is as follows: The beginning work in progress inventory was 70% complete as to material and 40% complete as to processing. The ending work in progress inventory was 30% complete as to materials and 60% complete as to processing. The company use weighted average costing method. Required: 1. Prepare a quantity schedule and a computation of equivalent units for the month. ( 10 Marks) 2. Determine the cost per equivalent units for the month. (5 Marks) 3. Show the allocation of cost to the units transferred out and work in progress - closing. ( 10 Marks)
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