[mllk]

the question got the ans but dont have the calculation.
ok,tq i get it already

[mllk]

?????

[mllk]

Ok,i get the ans already,sry for disturbed n thanks for ur explanation?

[mllk]

How about the CWIP?
The ans is 47160
But i get 16440,is it (300×100)+(120×62)+(150×40)???
I can’t get the ans 47160

[mllk]

Yes, but still got some not so understand

Sorry ,i got another 1 more question

1) A business makes one product that passes through a single process. The business uses weighted
average costing. The details of the process for the last period are as follows:
Materials 98,000
Labour 60,000
Production overheads 39,000
Units added to the process 1,000

There were 200 units of opening WIP which are valued as follows:
Materials 22,000
Labour 6,960
Production overheads 3,000
There were 300 units of closing WIP fully complete as to materials but only 60% complete for
labour and 50% complete for overheads. There were no process losses.
Prepare process account and shows the following:
(a) The value of the completed output for the period.
(b) The value of the closing WIP.

Ans is :Cost per equivalent unit: Material – 100; Labour – 62; Overheads – 40
Completed output – 181,800; Closing WIP – 47,160

But i get the ans for material cost per equivalent is 92.3
my calculation is (1000+300) / (98000+22000)

can let me know which part i forget to calculate ???

[mllk]

Why the conversion need 4000×2?
Where the 2come from?

[mllk]

How about the closing inventory for July? did the question has give?

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