Question
South River Chemicals Pty Ltd. manufactures a product called Zybek. Direct materials are added at the beginning of the process and conversion activity occurs uniformly
South River Chemicals Pty Ltd. manufactures a product called Zybek. Direct materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process. The following data pertain to the month of May.
Units | |
Work in process 1st May (60% complete) | 11,000 |
Units started during May | 75,000 |
Work in process 31st May (30% complete) | 23,000 |
Costs incurred | ||
Direct materials | Conversion costs | |
Work in process 1st May (60% complete) | $23,400 | $43,110 |
Costs incurred during May | $118,500 | $145,620 |
1) Using the weighted average method of process costing, calculate the equivalent units of direct materials for the month of May.(1 mark) Please enter amount only, do not use dollar signs or commas Answer 2) Using the weighted average method of process costing, calculate equivalent units of conversion activity for the month of May. (1 mark) Please enter amount only do not use dollar signs or commasAnswer 3)Using the weighted average method of process costing, calculate the cost per equivalent unit of direct materials for the month of May.(1 mark) Please enter amount only , do not use dollar signs or commas Enter TWO decimal places Answer 4) Using the weighted average method of process costing, calculate the cost per equivalent unit of conversion activity for the month of May.(1 mark) Please enter amount number only , do not use dollar signs or commas Enter TWO decimal places Answer 5) Using the weighted average method of process costing, calculate the cost of goods completed and transferred during May.(1 mark) Please enter amount only, do not use dollar signs or commasAnswer 6) Using the weighted average method of process costing, calculate the total cost remaining in work in process on May 31st.(1 mark) Please enter amount only, do not use dollar signs or commasAnswer
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