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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › PROCESS COSTING
A company produces Inverness in a continuous process .
At the beginning of November the WIP of 400 units was 30% complete with regards to labour and overheads.
At the end of the month, WIP was 200 units and was 60% complete in regards to labour and overheads.
During the month 2000 units were introduced into the process.
If the labour and overheads cost $3300,and FIFO is used for valuing inventory , the cost per equivalent units for labour and overheads in the month were….
a)$1.42
b)$1.50
c)$1.62
d)$1.65
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