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please do all parts in 40 minutes please urgently... I'll give you up thumb definitely questions. Question 1 or a period pertaining ABC Co. ABC
please do all parts in 40 minutes please urgently... I'll give you up thumb definitely
questions. Question 1 or a period pertaining ABC Co. ABC Co. manufactures canned Detailed below is the data Nil food products and as such operates a process costing system, 2,500 Opening work in process (WIP) Units introduced into the process 2,000 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: Material RM16,000 RM10,000 Conversion cost Required: (a) Compute the equivalent units and cost per equivalent unit for the period for the process above. (8 marks) (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] Question 2 (a) Three products (Z1, Z2 and 23) are created from ai products can be sold immediately after inventories or work in progress Product Outnu Z1 nerStep by Step Solution
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