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pliz help urgently only have 3 0 mins only QUESTION 3 3 . 1 Tiger food brands uses a process costing system for the production

pliz help urgently only have 30mins only QUESTION 3
3.1 Tiger food brands uses a process costing system for the production of baked beans.
Four departments, namely, rehydration; mixing; cooking and packaging are involved
in the production process. The following transactions are given:
a. Products with a cost of R100000 are transferred from the rehydration department to
the mixing department.
b. Products with a cost of R75000 are transferred from the mixing department to the
cooking department.
c. Products with a cost of R90000 are transferred from the cooking department to the
packaging department.
d. Products with a cost of R89000 are transferred from the packaging department to
the finished goods warehouse.
e. Products with a cost of R120000 are sold to customers.
3.1.1 Prepare a journal entry to reflect the flow of product from one department to
the other.
3.2 SAFAA Manufacturers uses process costing for their packaging department. The
following information is known for the month of January 2024:
a. In the beginning of the month, there are 20000 units in work in progress which
consists of R30000 direct material and R40000 conversion costs.
b. During the month, 60000 units are transferred to the department. R60000 is direct
material cost and R95000 is conversion cost.
c. In the same month, 70000 units are completed and transferred out (including 20
000 units in beginning WIP) from the packaging department to the finished goods
warehouse. 100% complete for direct material and conversion cost.
d. At the end of the period, 40000 units are still in process, of which 90% are complete
in regard to direct material cost and 70% are complete in regard to conversion cost.
3.2.1 Use the weighted average method to assign costs to (1) completed units
transferred out and (2) units in ending WIP inventory. Present your answer in
a table and show full calculations.
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