Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kapas Ani produces cotton pants. All direct materials are introduced at the start of the process. Conversion costs are incurred evenly throughout the process. In
Kapas Ani produces cotton pants. All direct materials are introduced at the start of the process. Conversion costs are incurred evenly throughout the process. In June 2020, there was no beginning WIP inventory, but 470,000 units were started. At the end of June , there were 70,000 units still in process at the 70% stage of completion. Total costs incurred during February amounted to RM2, 250,500 for materials and RM5, 640,000 for conversion costs.
Compute the following:
- Units completed and transferred
- Equivalent units of materials and conversions
- Cost per equivalent unit of materials and conversion
- Cost of a completed unit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started