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Process Costing

1) Lintang Sdn Bhd provides the following information for one of the department’s operations for June (no new material is added in Department T) 

WIP inventory – Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs. Transferred in costs from Department S RM 116,000 Department T conversion costs RM 53,150 Current work (35,000 units started) Prior department costs RM 280,000 Department T costs RM 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 per cent complete for prior department costs. Required : a) Prepare a production report & FIFO method

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Statement showing computation of Equivalent Production and Cost per Equivalent Unit using FIFO method Fresh LevelEquivalent s

answered by: ANURANJAN SARSAM
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