New Tab Brightspace XC HOME VATA VIEW K Cut 3 LE Paste Font Name Font Size TabStop Wrap Text Bi DUS Overline Y'Insert Columns 3. Insert Row Copy Merge Cell CUCK HERE TO SAVE YOUR WORK A51 D 2 SECTION 3 - QUESTION 1 - 24 marks 4 Able Inc uses the weighted average method in its process costing system. The following data concern the operations of 5 the company's first processing department for a recent month 300 00% SU Work in process benning $ Units in process 9 Stage of completion with respect to materials Stape of completion with respect to conversion 11 Costs in the beginning inventory 12 Materiais co 13 Conversion cost 14 Units started into production during the month 15 Units completed and transferred out 16 Costs added to wuction during the month 17 Materials cost 18 Conversion cost 19 Work in kesendin 20 Units in process 21 Sange of completion with respect to materials 22 Stage completion with respect to conversion 3342 52,394 21,000 20,700 $44,136 $546,750 24 Required: 26 Prepare production report for the department using the weighted average method. 26 . Guantity Schedule 4 marks) Units 30 Units to be counted for 31 Work in proces beginning 12 Marted into production 33 Total units Instructions SECTION 1 SECTION 2 READY SECTION 3 SECTION 4 SECTION 5 New lenovo $ 2 3 4 5 6 Q W R Y A S New Tab 145048 * 0 ME VALA VIEW * Cut ** Insert Column Font Name Font Size - TabStop Wrap Text B 1 0 0 US Overline Copy ste 3 Merge Cell 3. Insert Row JCK HERE TO SAVE YOUR WORK A51 C D Units D A Units to be accounted for Work in process, berning Started into production Total units b. Equivalent Units (5 marks) Total Units Transferred Out Materials Conversion Units accounted for as follows: Transferred to next department Work in process, ending Total units Costs per equivalent unit: 17 marks) Total Cost Materials Conversion Cost to be accounted for werkin process. BeINE Cost added during the month 47 Total cost it units 49 Cost per EU SO 51 4. Cost reconciliation per equivalent unit (marks) 52 5o accounted for as follows Total Cost Materials Conversion 55 DT WYM Instructions SECTION 1 SECTION 2 SECTION 3 SECTION 4 SECTION 5 New lenovo 7 $ 2 3 4 % 5 W E R T