Help me please quickly with the following questions: 12 of Ravi cc produces 2 products: X and Y. The process incurs direct materials of 3,500kg valued at N$45,000 and total conversion cost of N$45,500. The process produces 1,000 units of product X and 2,000 units of product Y. 500kgs came out of the process as waste, which were sold at N$10 per kg. The company allocates Joint costs based on the net realizable value and nets-off the net sales of waste and by-products against joint costs. Ravi cc incurs further processing costs of N$6,580 and N$12,420 for Product X and Y, respectively. During the period, 800kgs are sold for Product X, at a market value of N$70 per kg. The company also sold 1,600 kgs of Product Y, at a market value of N$50 per kg. estion Calculate the value of closing inventory for product X. NB: You are not required to enter the unit or currency symbol. Enter numerical answer with no spaces. For example: 1000 Answer: tion 11 et ered ed out of eg question Katutura Feedstuffs Ltd operates several production processes involving the mixing of ingredients to produce bulk animal feedstuffs. One such product is mixed in two separate process operations. In Process 2, costs transferred from Process 1 and opening work-in-progress were N$94,000 and N$1,500, respectively. Raw materials costs N$24,000 and conversion costs N$315,000 were incurred during the period in Process 2. In Process 2, the opening work-in-progress was 600 units, which were 80 per cent complete in respect of materials, and 70 per cent complete in respect of conversion costs. During the period, 56,000 units were received from Process 1 and 55 800 units were completed in Process 2. In addition, in Process 2 the closing work- in-progress was 800 units, which were 100% complete on materials and 70% complete on conversion costs. The firm uses the weighted average method for valuing the output from the process. Calculate the number of equivalent units completed in Process 2, in respect of conversion costs. NB: You are not required to enter the unit or currency symbol. Enter numerical answer with no spaces. For example: 1000 Answer: 10 Grey Ltd produces 1 sole product. The company incurs a total cost per unit of N$25, with 60% allocated to direct cost. The company produced and sold 50,000 units of product D in the previous period at a selling price of N$50 per unit. The company has a contribution margin ratio of 50% percent. ut of Calculate the break-even units of product D for the previous period. uestion NB: You are not required to enter the unit or currency symbol. Round-off your final answer to the nearest whole number. Enter numerical answer with no spaces. For example: 1000 Answer: n9 ed Vana-Voye Ltd uses process costing in which no losses are incurred. There was no opening work-in-progress. During the year, there were finished goods (output) of 8,000 units and closing work-in-progress of 4,000 units, incurred costs of N$480,000 and N$144,000, respectively. The closing work-in-progress was complete to the same degree for all elements of cost. out of question Calculate the number of equivalent units completed during the period. NB: You are not required to enter the unit or currency symbol. Enter numerical answer with no spaces. For example: 1000 Answer: 7 Vana-Voye Ltd uses process costing in which no losses are incurred. There was no opening work-in-progress. During the year, there were finished goods (output) of 5,000 units and closing work-in-progress of 3,000 units, incurred costs of N$240,000 and N$72,000, respectively. The closing work-in-progress was complete to the same degree for all elements of cost. Calculate the percentage degree of completion of the closing work-in-progress. stof estion NB: You are not required to enter the unit or currency symbol. Round-off your final answer to the nearest whole number. Enter numerical answer with no spaces. For example: 1000