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Process Costing

Forums › ACCA Forums › ACCA MA Management Accounting Forums › Process Costing

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
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  • Author
    Posts
  • March 21, 2019 at 2:03 pm #509949
    sasha
    Participant
    • Topics: 18
    • Replies: 13
    • ☆

    At the start of the month, there were 2,000 units of work in progress in the factory. During the month, 12,000 units were started.

    At the end of the month, 3,000 units were in CWIP.

    The degree of completion of OWIP was 70% and CWIP was 20%.

    How many equivalent units of production were achieved during the month if FIFO were used?

    I worked my answer to 10,200 is this correct?

    March 21, 2019 at 5:10 pm #509974
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    If you want me to answer then you should ask in the Ask the Tutor Forum (this forum is for students to help each other).

    However, why are you attempting questions for which you do not have the answer? You must use a Revision Kit from one of the ACCA approved publishers (Becker or Kaplan) if you intend to pass the exam. They are full of exam standard questions for practice, together with answers and explanations.

    Also, have you watched my free lectures? They are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.

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