Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

KLM Industries Limited uses a process cost system of their process, the following data relates to the process No. 2. 8,000 Units received from previous

KLM Industries Limited uses a process cost system of their process, the following data relates to the process No. 2. 8,000 Units received from previous department costing Rs. 840,000 1500 units are in process at the end ( 40% complete as to material and 50% as to conversion cost) 2,000 units are in process at the start ( 60% complete as to material and 70% as to conversion cost) that costs Rs. 500,000 Cost added by process 2: Direct material Rs. 513,500, Direct labour Rs. 902,750 and FOH Rs. 628,000
Compute the amount of EPU for material, labour and FOH is
Compute Total per-unit cost.
Compute the Cost of units completed and transferred out.
Compute the Cost of work in process ending.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Management Control

Authors: Emmanuel

2nd Edition

186152272X, 978-1861522726

More Books

Students also viewed these Accounting questions

Question

Define epistemology.

Answered: 1 week ago

Question

List the common methods used in selecting human resources. page 254

Answered: 1 week ago