Question
The following data have been compiled for Gordon Ltd for March. Conversion occursuniformly throughout the production process.Work in process, March 1st - 11000 units:Direct material
The following data have been compiled for Gordon Ltd for March. Conversion occursuniformly throughout the production process.Work in process, March 1st - 11000 units:Direct material (100% complete)$24,200Conversion (20% complete)$4,950Balance in work in process, March 1st$29,150Units started during March110,000Units completed during March and transferred out to finished goods inventory88,000Work in process, March 31st:Direct material (100% complete)Conversion (33.33% complete)Costs incurred during March:Direct material$217,800Conversion costs:Direct labour$58,080Manufacturing overhead$116,160$174,240Total production costs incurred during March$392,040
Required:(where necessary round off all figures to two decimal places)
1. Analyse the physical flow of units for March. Use the weighted average method of processing costing.
2. Calculate equivalent units. Use the weighted average method of processing costing.
3. Calculate the unit costs. Use the weighted average method of processing costing.
4. Analyse total costs. Use the weighted average method of processing costing.
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