Question: Intermediate (11 marks; 20 minutes) SOURCE: ADAPTED FROM ACCA CERTIFIED ACCOUNTING TECHNICIAN EXAM P4 A company manufactures a product by means of two successive processes,

Intermediate (11 marks; 20 minutes)

SOURCE: ADAPTED FROM ACCA CERTIFIED ACCOUNTING TECHNICIAN EXAM P4 A company manufactures a product by means of two successive processes, process 1 and process 2. The following relates to the period just ended:

The work-in-progress at the end of the period was 80% complete with respect to materials added and 40% complete with respect to conversion costs in process 2.

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