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FIT Bhd manufactures safety gear used by firefighters all over Malaysia. The manufacturing process goes through two departments. The following data was provided by the

FIT Bhd manufactures safety gear used by firefighters all over Malaysia. The manufacturing process goes through two departments. The following data was provided by the assembly department during February 2019.

% completed

Units

Materials

Conversion

Units started into production

460,000

Units completed and transferred out

450,000

Beginning work in process

70,000

30%

60%

Ending work in process

80,000

75%

25%

Costs added in February

RM391,850

RM267,300

Beginning work in process

RM36,550

RM13,500

Required:

Prepare a production cost worksheet for the assembly department using:

  1. FIFO method
  2. Weighted average method

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