Question
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:
- FIFO method
- Weighted average method
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