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helpQUESTION 3 Datuk Ali Sdn Bhd ( DASB ) produces floor fan that passes through TWO ( 2 ) processing departments namely Assembly Department and
helpQUESTION
Datuk Ali Sdn Bhd DASB produces floor fan that passes
through TWO processing departments namely
Assembly Department and Finishing Department. All direct
materials are added at the beginning of the process in
both departments. Meanwhile the conversion cost occurs
uniformly throughout the production process. The following
data is for the month of October for Finishing
Department:
Production Data
Cost Data
Costs of beginning work in process inventory:
REQUIRED:
a Calculate units started into production.
b Calculate the equivalent units of production using the
First In First Out FIFO method.
c Calculate cost per equivalent units of production using
the FIFO method.
d Calculate total cost for ending work process using the
FIFO method.
e Explain how total cost for completed and transferred out
will be calculated using the FIFO method for Finishing
Department.
f Explain how equivalent unit is calculated under the
weightedaverage method for Finishing Department.
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