MAHelp with a Process costing question please

You have to work out the equivalent using for materials and conversion costs separately.

The question says that all materials are input at the commencement of the process, and so it is only conversion costs that are 60% or 30% completed.
It also says they are using the FIFO method.

The equivalent units for materials is 15000 so the material cost per unit is 51000/15000 = $3.40.
The equivalent units for conversion costs is 13700 so the conversion cost per unit is 193170/13700 = $14.10

So...the value of the closing WIP is (3000 x 3.40) + (3000 x 30% x 14.10) = $22890

You are a star John, thank you.

I assumed that the % of completion was for both material and conversion costs, I didn't realise the subtle clue in the phrase "All materials are input at the commencement of the process".

Sideline, 13700 is worked out by:
First find Units started and finished in the period: 14,000 - 2,000 (opening WIP) = 12,000

With regards to conversion costs:
Opening WIP equivalent units: (1-60%)x2000 = 800
Units started & finished equivalent units: 12,000
Closing WIP equivalent units: 30% x 3000 = 900

800+12,000+900 = 13,700.

thanx guys i was close to giving up myself

Thank you John, I was having so much trouble with this question also, it was hurting my head.