1. Oredo Corporation manufactures metal products through two processes: Molding and Packaging. Materials are entered at the beginning of both processes. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department for January 2020 are presented below.

Production Data January

Beginning work in process units 0

Units started into production 4250

Ending work in process units 250

Percent completeending inventory 60%

Cost Data

Materials $51000

Labor 9600

Overhead 15000

Total $75600

Required: (1x 5= 5 Marks)

(a) Compute the physical units of production.

(b) Determine the equivalent units of production for materials and conversion costs.

(c) Compute the unit costs of production.

(d) Determine the costs to be assigned to the units transferred out and in process.

(e) Suppose the product goes through 2 different process, then how many WIP account will be prepared ?