Answer:
Explanation:
Opening units 25000
Started 75000
100000
Transffered 70000
Closing 30000
we will draw the table using the weighted average method through that we will be able to identify equivellent production units and cost per unit with respect to material and conversion cost.
cost opening current Total complete Wip equivalent Cost
head cost Units p.unit
Material 80,000 190,000 270,000 70,000 30,000 100,000 2.70
C.cost 13,000 137,100 150,100 70,000 12,000 82,000 1.83
4.53
Complete 70,000 4.53 317,134
Closing Wip
Material 30,000 2.70 81,000
Labour 12,000 1.83 21,966
102,966
Total Cost 420,100
in the table Closing wip units related to Conversion cost represent 40% completion.
opening wip CC units 70% have been completed in the current which are included in complete units i.e 70000 units
