Question 3 Assume that the following details refer to Process Bottling for March 2023. Units Units of Incomplete work (Opening) ( 100% complete Materials, 40% Complete in conversion costs) Units received from previous process Units Completed and transferred Units of Incomplete Work (Closing) ( 100% complete Materials, 70% complete in Conversion costs) Cost Details Incomplete work (opening) Cost of previous Process Direct Material Conversion Costs Costs Incurred During March Transferred from previous process Direct Material Conversion costs 12000 21000 33000 24000 9000 R 80175 63150 11340 5685 172650 113400 21000 38250 252825 Determine a) The opening and closing inventory using the Weighted Average Method (20 Marks) b) Prepare a cost statement showing the ope

Assume that the following details refer to Process Bottling for March 2023. Determine a) The opening and closing inventory using the Weighted Average Method (20 Marks) b) Prepare a cost statement showing the opening inventory, current period and the average cost per unit (15 Marks) c) Prepare a cost allocation statement (10 Marks)