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Good Night Mr. Moffat
Requesting your assistance in this Questions:
Cream Ltd produces a certain food Item in a manufacturing process. on 1 November, there was no opening stock of work in progress During November, 500 units of material were input to the process, with a cost of $9000.00. Direct Labour costs in November were $3,840. Production overhead is absorbed at the rate of 200% of direct labour cost. Closing Stock 30 on November consisted of 100 units which were 100% complete as to material and 80% complete as to labour and overhead . There was no loss in the process.
1. The full production cost of completed unit during November was :
2. The Value of the closing work in progress on 30th November is
Thank you
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