question archive The Powiata retion of Cute Wallett, which makes wat Direct materials 3,000 Conversion COGES 37200 Frystal units Wallets Meginning WIP Te May 1200 kal Completed during May TROO 2015 Ending WIP 31st May (b) 100 Total costs added during May 2015 580,000 $18,000 The degree of completion is as follows: (a)
The Powiata retion of Cute Wallett, which makes wat Direct materials 3,000 Conversion COGES 37200 Frystal units Wallets Meginning WIP Te May 1200 kal Completed during May TROO 2015 Ending WIP 31st May (b) 100 Total costs added during May 2015 580,000 $18,000 The degree of completion is as follows: (a)
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The Powiata retion of Cute Wallett, which makes wat Direct materials 3,000 Conversion COGES 37200 Frystal units Wallets Meginning WIP Te May 1200 kal Completed during May TROO 2015 Ending WIP 31st May (b) 100 Total costs added during May 2015 580,000 $18,000 The degree of completion is as follows: (a). Beginning WIP: Direct materials 100%; Conversion costs, 60%. (b). Ending WIP: Direct materials 100%; Conversion costs, 40%. Required: a. Calculate equivalent units using the Weighted Average Method (WAM) [2 marks) b. Calculate equivalent units using the First in First Out (FIFO) method [4 Marks) C. Calculate the cost of beginning Work in Process using the First in First Out (FIFO) [6 Marks). [Insert answers to Question here)
