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Prepare the Process Cost Report for Process 2 using the FIFO method. INFORMATION Bravo Ltd uses two processes to manufacture cushions. The following details are

Prepare the Process Cost Report for Process 2 using the FIFO method.
INFORMATION
Bravo Ltd uses two processes to manufacture cushions. The following details are applicable to Process 2 for
March 2024:Bravo Ltd uses two processes to manufacture cushions. The following details are applicable to Process 2 for
March 2024:
Production details Units
Units of incomplete work (opening)
(Materials: 100% complete; Conversion costs: 40% complete)40000
Units received from the previous process 160000
Units completed and transferred ?
Units of incomplete work: closing (Materials: 100% complete; Conversion costs: 60% complete)80000
Details in connection with costs: R
Incomplete work (opening): ?
Costs of previous process ?
Direct materials 88000
Conversion costs 48000
Costs incurred during March 2024: 1376000
Transferred from previous process 904000
Direct materials 168000
Conversion costs 304000
2016000
Prepare the Process Cost Report for Process 2 using the FIFO method.
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