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Process costing-cost accounting find statement of quivalent unit and so on. QUESTION 2 Gralice Ltd is a manufacturer of processed foods and results in process
Process costing-cost accounting find statement of quivalent unit and so on.
QUESTION 2 Gralice Ltd is a manufacturer of processed foods and results in process 2 for follows. Opening inventory Nil Material input from process 1 4,000 units Costs of input GHC Material from process 1 6.000 Added materials in process 2 1,080 Conversion costs 1,720 Output is transferred into the next process, process 3. Closing work in process amounted to 800 units, complete as to: Process 1 material 100% 50% Added materials 30% Conversion costs Required: (a) Prepare the following from the information above; (1) Statement of Equivalent Units (ii) Statement of Cost per Equivalent Unit (iii) Statement of Evaluation (iv) Process 2 Account tinaStep by Step Solution
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