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Nickel Ltd manufactures plastic sheets and uses the weighted average method process costing. On 1 June the Rolling Department had 2000 units work in progress,
Nickel Ltd manufactures plastic sheets and uses the weighted average method process costing. On 1 June the Rolling Department had 2000 units work in progress, which were 20 per cent completed as to conversion costs. During June 10 000 units were completed and transferred out. The remaining work in progress on 30 June was 50 per cent complete in terms of conversion rate. If the equivalent unit is 12 000 units, what is the 30 June work in progress? Select one: 4,000 units 5,000 units 2,000 units 8,000 units Clear my choice
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