Question 7 (Total 30 marks) Freshfarm Milk Ltd, of New Zealand produces fresh pasteurized bottled milk in two stages. Raw milk is extracted from cows and then pasteurized in the Pasteurizing Department. The pasteurized milk are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Pasteurizing Department for November. Work In Process, beginning Started into production Work In Process, ending Work In Process, beginning Costs added during November (b) Units 20,000 180,000 40,000 (c) Materials (d) Percent Completed Materials Conversion 100% 75% $25,200 $334,800 Freshfarm Milk Ltd uses the weighted average method in its Process Costing. 100% Conversion $24,800 $238,700 Required: (Round your answers to 2 decimal places.) (a) Calculate the equivalent units of production for materials and conversion costs. (8 marks) 25% Calculate the cost per equivalent unit for materials and conversion costs. (8 marks) Determine the cost of units transferred out to the Bottling department during November. (7 marks) Determine the cost of ending work in process inventory in the department. (7 marks)

Question 7 (Total 30 marks) Freshfarm Milk Ltd, of New Zealand produces fresh pasteurized bottled milk in two stages. Raw milk is extracted from cows and then pasteurized in the Pasteurizing Department. The pasteurized milk are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Pasteurizing Department for November. Freshfarm Milk Ltd uses the weighted average method in its Process Costing. Required: (Round your answers to 2 decimal places.) (a) Calculate the equivalent units of production for materials and conversion costs. ( 8 marks) (b) Calculate the cost per equivalent unit for materials and conversion costs. ( 8 marks) (c) Determine the cost of units transferred out to the Bottling department during November. (7 marks) (d) Determine the cost of ending work in process inventory in the department. (7 marks)