QUESTION $1$

REQUIRED

$(20$ Marks$)$

Prepare the Process Cost Raport or Procssa $2$ ueng the FiFO mathod.

NFORMA

Brrvo Lid usens two procosses io manufacture custions. The folowing datais are applicatie to frocess $2$ to March Zo$24$:

$\backslash$table$[[\backslash$table$[[$Production details$],[$Units of noomplele work focening$|]],$Units$],[\backslash$table$[[$Units of ncomplele work laceningl$],[($Materials: $100\%$ complete; Cormersion costs $40\%$ camplele$)],[$Units recerved from the previcus process$]],40t00$