Answer:
Step-by-step explanation:
opening wip 100
Started 1000
1100
completed -800
closing wip 300
Using weighted Average process cost Table
cost opening current Total complete Wip equivalent Cost
head cost Units p.unit
material 1000 4500 5500 800 300 1100 5
CC 3960 21520 25480 800 180 980 26
30980 31
A) equivalent units of service (production ) for materials and conversion costs.
material 1100
CC 980
B)
unit costs
material 5
CC 26
31
Complete 800 31.00 24,800
Closing Wip
Material 300 5.00 1,500
Labour 180 26.00 4,680
6,180
Total Cost 30,980