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Helen company Shop manufactures Paper cups that passes through two processes. The following information relates to the two processes: vaterias are adoed at the start
Helen company Shop manufactures Paper cups that passes through two processes. The following information relates to the two processes: vaterias are adoed at the start or process 1 and at the end or process (using 1v% material costs at the each process). The costs of labor and overhead are added uniformly throughout both processes. The closing work in progress is estimated to be 50% complete for both processes Required: 1. Calculate the closing WIP for process 1 2. Calculate the cost per units for process 1 3. Calculate the cost transferred to Process 2 4. Calculate the closing WIP for process 2 5. Calculate the cost per units for process 2 6. Calculate COGM transferred finished goods inventory
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