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please do all parts in 40 minutes please urgently... I'll give you up thumb definitely Question 1 Detailed below is the data for a period
please do all parts in 40 minutes please urgently... I'll give you up thumb definitely
Question 1 Detailed below is the data for a period pertaining ABC Co, ABC Co. manufactures canned Nil food products and as such operates a process costing system. 2,500 2,000 Opening work in process (WIP) Units introduced into the process Units completed and transferred to finished goods stock Closing WIP of 500 units was completed as follows: Material 100% Conversion cost 50% Cost introduced into the process: RM16,000 Material RM10,000 Conversion cost Required: (a) Compute the equivalent units and cost per equivalent unit for the period for the (8 marks) process above. (b) Prepare the cost allocation for the process above, (5 marks) (c) Prepare the process account for the process above. (5 marks) (d) Distinguish between normal and abnormal losses using a suitable example, and explain how the accounting treatment for such losses differ. (7 marks) [Total: 25 Marks] estion 2 Three products (Z1, Z2 and Z3) are created from a joint prod products can be sold immediately after the split inventories or work in progress. The foll Croduct Output units 21 10,000Step by Step Solution
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