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Work in progress

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Work in progress

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 12, 2014 at 4:11 am #209231
    Iqra
    Member
    • Topics: 21
    • Replies: 14
    • ☆

    No losses or gains occur in a manufacturing process. There was no work in progress (WIP) at the start of a period during which 9,600 litres of a raw material were input to the process. 8,700 litres of finished product were output from the process in the period.

    The stage of completion of the WIP was:

    Materials
    100%
    Conversion costs
    60%
    What were the equivalent units of production in the period?

    And i want to ask you that where can i find fa1 lecture videos

    November 12, 2014 at 12:46 pm #209335
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    For materials, the equivalent units are 9,600.

    For conversion costs, the equivalent units at 8700 + (900 x 60%) = 9240.

    There are not lectures for FA1, however there are Paper F2 lectures on work-in-progress

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