The second homework of Cost Accounting 2 first question

The following data relates to the second stage of an industrial establishment for one of the cost periods

1. Units under operation at the beginning of the period 20,000 units with a completion level of 80%.

2. Units started during the period 20,000 units

3. Completed and converted units for the third stage 27,000 units

4. Units in process at the end of the period 13,000 units with 80% completion level.

If you know that:

Items added at 70% completion level.

The cost of production under operation at the beginning of the period 475,400 riyals (270,000 riyals direct materials,

128,400 riyals transfer costs)

The costs of the stage in the current period are as follows: (330,000 riyals direct materials,

171,200 riyals transfer costs)

.

.

Required

Preparing the production report and the current stage costs according to the weighted average method and the incoming method

First out first.