Question
Shield Company had a beginning work-in-process inventory of 30,000 units on June 1. These units contained AED120,000 of direct materials and AED272,000 of conversion cost.
Shield Company had a beginning work-in-process inventory of 30,000 units on June 1. These units contained AED120,000 of direct materials and AED272,000 of conversion cost. The following data relate to activity during June:
Production completed (units)70,000
Ending work in process, 60% complete (units)20,000
Direct materials usedAED258,000
Conversion costAED695,600
Shield uses a weighted-average process-costing system. All materials are added at the start of manufacturing; in contrast, conversion cost is incurred evenly throughout production.
Required:
a)Compute the total equivalent units for direct material and conversion cost. (2 marks)
b)Compute the cost per equivalent unit of direct material and conversion cost. (2 marks)
c)Determine the cost of completed production. (2 marks)
d)Determine the cost of the June 30 work in process. (2 marks)
kindly as soon as possible
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