acc203 tma question 2

Topics: Costs, Weighted mean, Cost Pages: 2 (474 words) Published: May 13, 2015
Question 2A)
Weighted-Average Method of Process Costing, Assembly Department of nanotech pte ltd , for June 20X9 flow of cost in June

Physical Units
Units to be accounted for
Work in process, June 1 10,000
Started (transferred) into production 160,000
Total units 170,000 Units accounted for
Completed and transferred out 152,000
Work in process, June 30 18,000
Total units 170,000

The equivalent unit computation is as follows:
Equivalent Units

materials conversion Units transferred out 152,000 152,000
Work in process, June 30
18,000X 100% 18,000
18,000X 30% 5,400
Total equivalent units 170,000 157,400

flow of cost in June

Direct Materials Conversion Costs total cost Costs in beginning work in process invento $102,000 $114,000 $216,000 (direct labour $69,000 and Overhead $45,000)

Current Production Costs $2,040,000 $142,650 $346.650 (Direct labour $880,650 and Overhead $540,000 )

Total Costs $2,142,000 $256,650 $562,650

÷ Equivalent Units 170,000 157,400 Cost per Equivalent Unit $ 12.6...
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