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Show working. This is the full question Nour Company manufactures plastic reusable water bottles for Aayan Company and uses the Weighted Average Process Costing method
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Nour Company manufactures plastic reusable water bottles for Aayan Company and uses the Weighted Average Process Costing method to cost the bottles. This question relates to Process 2 at Nour Company. Process 2 receives the manufactured plastic bottles from Process 1, and adds to it a holder, a strap. and the bottle top. These are the three direct materials added in Process 2. The following information relates to Process 2: Holder - added at the start of the second process Strap - added at 50% completion level of the second process Bottle Top - added at the end of the second process Physical Production Beginning Balance on January 1 10,000 bottles that were 60% complete $ 4,500.00 $ 3,000.00 $ 8,000.00 S $11,000.00 Costs Transferred in Holder Strap Bottle Top Conversion Cost 70,000 bottles S 56,000.00 Transferred in from Process 1 in January Ending Balance on January 31 Holder Strap Bottle Top Conversion Cost $ S S S 8,000 bottles that were 90% complete Cost Incurred in January: 30,000.00 58,000.00 81,600.00 76,120.00 For all answers: only enter digits (round values where necessary). Do not enter Ssign, or commas, or decimal points. Calculate the Equivalent Units of bottles completed and transferred out (C&T): Calculate the Total Ending Units of Conversion: Calculate the cost of the bottles completed and transferred out during January: A/ Calculate the cost of ending Work in Process: AJStep by Step Solution
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