Reference no: EM132593537
Question - Ilmiah Sdn Bhd (ISB) had the following production and cost informstion for its fabrication department during April (material are added at the beginning of the fabrication process).
Production:
Units in process, April 1, 50% complete with respect to conversion 5,000
Units completed 32,600
Units in process, April 30 , 60% complete with respect to conversion 6,000
Costs:
Work in process, April 1: Materials RM20,000
Conversion costs RM15,000
Total RM35,000
Current costs:
Materials RM62,500
Conversion costs RM105,000
Total RM167,500
Ilmiah Sdn Bhd (ISB) uses the weighted average method.
Required -
a) Calculate equivalent units schedule.
b) Calculate the unit costs (Note: Round answer to two decimal places).
c) Calculate the cost of units transferred out and the cost of EWIP.
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