A). Miss Anita Appiah owns AA Constructions Ltd. The company manufactures cement for the construction...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A). Miss Anita Appiah owns AA Constructions Ltd. The company manufactures cement for the construction industry in Ghana. Provide below are data relating to kilograms of cement processed through the Mixing Department in June, the first department in the manufacturing process. Percentage Completed Kilograms of Cement Materials Conversion Work in process, June 1 60,000 50% 45% Work in process, June 30 80,000 75% 25% Started into production during June 320,000 Cost data relating to cement production in June are provided below: Material cost in work in process inventory, June 1 Conversion cost in work in process inventory, June 1 Material cost added ducing June Conversion cost added during June GHS 300,000 GHS 210,000 GHS 1,820,000 GHS 680,000 Required: On the assumption that the firm uses the weighted average method in its process costing system, 1) Compute the equivalent units of production for June [3 marks] 1) Compute cost per equivalent unit for materials and conversion [3 marks] in) Compute the cost of units transferred and the cost of ending work in process inventory [3 marks) iv) Prepare a cost reconciliation report for the Mixing Department for June [3 marks]
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
