Question
MommySab Enterprise makes super premium various kerepeks in Banting that go through two main processing departments Frying and Packaging. Below are the data of the
MommySab Enterprise makes super premium various kerepeks in Banting that go through two main processing departments Frying and Packaging. Below are the data of the company to the operations of Frying Department for the month of June: Percentage Completed Units Materials Conversion Begin Work in process 30,000 100% 75% Started into production 270,000 Completed and transferred out 240,000 Ending Work in process 60,000 100% 25% Materials Conversion Begin Work in process RM37,800 RM37,200 Cost added during June RM502,200 RM358,050 The company uses first in first out (FIFO) method in its process costing system.
Required:
a) Calculate the following items for Frying Department for the month of June:
i. Equivalent units of production for materials and conversion.
ii. Costs per equivalent unit for materials and conversion.
(8 marks) (CLO2:PLO2:C3)
b) Determine the Frying Departments cost of ending work in process inventory for materials, conversion, and in total for June. (4 marks) (CLO2:PLO2:C3)
c) Determine the Frying Departments cost of units transferred out to the Packaging Department for materials, conversion, and in total for June. (9 marks) (CLO2:PLO2:C3)
d) Prepare a cost of reconciliation report for the Frying Department. (4 marks) (CLO2:PLO2:C4)
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