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Question - Kapas Ani produces cotton pants. All direct materials are introduced at the start of the process. Conversion costs are incurred evenly throughout the process. In June 2020, there was no beginning WIP inventory, but 470,000 units were started. At the end of June, there were 70,000 units still in process at the 70% stage of completion. Total costs incurred during February amounted to RM2, 250,500 for materials and RM5, 640,000 for conversion costs.
Required -
Compute the units completed and transferred?
Compute the equivalent units of materials and conversions?
Compute the cost per equivalent unit of materials and conversion?
Compute the cost of a completed unit?
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