Management Accounting The

Q4/ One company uses process system of accounting for production and information about the first stage of production has become 1- beginning inventory of work in process (10) units (30% conversion costs) and ending inventory of work in process (20) (70% conversion costs) 2-The units that started the stage (240) units and units completed and converted (200) unit 3- Half of materials are Added at the start of the production processes and the other half are added at the end of the production process, conversion costs are added equally during the production processes 4-Cost of work in process for direct material was 6250 dinar, conversion cost 4500 dinar and Costs added in current period direct material 275000 dinar conversion cost 339000 dinar 5- Normal spoilage 10 % good production and inspection point 50 % Production Process Required :- 1- prepare of Equivalent units 2- calculate the cost per equivalent unit for each cost category, and assign costs to units completed and transferred and to units in ending work in process use FIFO method