Wallis Company uses process costing system to account for its manufacturing costs. The Company uses the weighted average method. The following information relates to the first process for the month of April 2018

Units

Material Costs

Conversion Costs

Work-in-process at the beginning of April (80% complete for material and 40% for CC)

2,000

AED 900

AED 500

Units started during April

18,000

Costs incurred during April

AED 17,100

AED 8,500

Units Completed and Transferred to process 2

16,000

Work-in-process at end of April (50% complete for material and CC)

4,000

Required:

1. Compute the number of equivalent units (2 marks)
2. Compute the cost of an equivalent unit (2 marks)
3. Compute the cost of completed and transferred units to the second process (2 marks)
4. Compute the cost of work-in-process at the end of April (2 marks)
5. Construct the journal entry to record the transfer of completed units to the second process (2 marks)