QUESTION 4 4.1 A toothpaste manufacturer uses process costing technique for...
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QUESTION
A toothpaste manufacturer uses process costing technique for the packaging department. The following information is known for October :
ast October, there are units of work in process which consists of R in direct material and R in conversion costs.
b During the month, units are transferred to the department. R is direct material cost and R is conversion cost.
c In the same month, units are completed and transferred out from the packaging department to the next department complete for direct material and conversion cost
d At the end of the period, units are still in process, of which are complete in regard to direct material and are complete in regard to conversion cost.
INC
Use the weighted average method to assign costs to completed units transferred out and units in ending WIP inventory. Show full calculations.
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