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QUESTION 4 (25 MARKS) Production and cost data for the month of February for Process MN of a manufacturing company, Mamarich Bhd follow: Units
QUESTION 4 (25 MARKS) Production and cost data for the month of February for Process MN of a manufacturing company, Mamarich Bhd follow: Units in process, 1st February: 100 percent complete with respect to materials; 25 percent complete with respect to conversion New units started in process Units completed Units Fulll 8000 7.000 Units in process, 28th February: 70 percent complete with respect to materials; 40 percent complete with respect to conversion Costs in work in process inventory, 1st February: Materials Conversion Costs incurred in February: Materials issued Conversion 3.000 RM46,600 RM21,300 RM182,500 RM161,500 The company uses the weighted-average cost method in its process costing system. Required: a) Determine the equivalent units. b) Compute the cost per equivalent unit. (4 marks) (CLO2:PLO2:C3) (6 marks) (CLO2:PLO2:C3) c) Determine the total cost of ending work in process inventory and the total cost of unit transferred to the packaging department. (6 marks) (CL02:PLO2:C3)
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