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:
(i) FIFO method
(ii) Weighted average method
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