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PLEASE ANSWER ALL THE QUESTIONS!!!!!!!! Santo Corporation manufactures metal toolboxes. The company uses the FIFO method in its process costing system. The following data concern

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PLEASE ANSWER ALL THE QUESTIONS!!!!!!!!

Santo Corporation manufactures metal toolboxes. The company uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a month of April. Units in beginning inventory Units started into production Units in ending inventory 200 50,000 1400 Percentage completion of beginning inventory Percentage completion of ending inventory Material 90% 70% Conversion 30% 40% The cost of inventory on 1 April according to the company's costing system was RM1728, of which RM306 was for materials and the remainder was for conversion cost. The costs added during April was RM74,400 for material and RM1,183,200 for conversion. Required: a) Compute how many units were completed and transferred to finished goods. (2 marks) b) Determine the equivalent units of production for materials and conversion costs. (8 marks) c) Calculate the cost per equivalent unit for materials and conversion costs. (3 marks) d) Determine the cost of units transferred out of the department during April. (9 marks)

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