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MYChoki Sdn Bhd has unit costs of RM10 for materials and RM30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is A. RM45,000 OB. RM55,000 OC. RM75,000 2 points D. RM100,000 A process costing system is most appropriate when types of A. a variety of different products are produced, each one requiring different types of materials, labor, and overhead. B. the focus of attention is on a particular job or order. C. similar products are mass-produced. D. individual products are custom made to the specification of customers. t 1 point The valuation of incomplete units at the beginning of a process can be valued using First In First Out (FIFO) method. A. When the opening WIP has a value attached to each cost element. B. When the degree of completion is not given for the opening work in progress. C. When the opening WIP is given with the degree of completion for each cost element but without the value for each cost element. 1 point D. When the opening WIP is not given with the degree of completion and the value of each cost element is not given. Aura Kasih Sdn Bhd applies process costing to cost its output. The following information was obtained for the month of February 2021: Input materials Conversion costs Normal loss Actual losses There were no opening and closing stocks. Determine the cost per unit to the nearest two decimal places. A. RM10.95 B. RM10.77 C. RM10.861 D. RM10.75 A Sarawak Spice Sdn Bhd uses process costing to cost its output. All materials are input at the beginning of the process. The following information relates to the process 1 for the month of January 2021: Input Opening stock Expected losses Closing stock Determine the output of process 1 if the actual losses for that process were 450 units. A. 3,500 units 2.500 kg at RM5 per kg RM13,500 5% of input with scrap value of RM1.60 per kg 100 kg B. 3,150 units C. 3,850 units D. 3,600 units 2 points 3,500 units 350 units 10% of production 250 units