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In process Y, 6,000u were started during the month. W.I.P. at the start of month: 400u [Materials 100% complete: $1,600 Labour 30% complete: $240]
W.I.P. at the end of month: 600u [ Materials 100% complete Labour 60% complete]
Expenditure during the month: Materials: $30,000 Labour: $18,120
there were no losses: write out the process account using FIFOI cannot write out a process account here (and you cannot be required to produce a t-account in the exam, although you might want to do it as part of your workings).
You need to watch our free lectures on process costing.
Our free lectures are a complete course for Paper F2 and cover everything needed to be able to pass the exam well.
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