Kadkoy Plc. manufactures products that is used extensively in the furniture industry. Cost accounting department uses...

 

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Kadıkoy Plc. manufactures products that is used extensively in the furniture industry. Cost accounting department uses process costing method. The following data have been given for the month of December 2022 Work in process, December 1 Direct material: 100% completed, cost Conversion: 40% complete, cost of Units started during December 30.000 units TRY 50 000 TRY 10 000 40,000 Units Completed during December transferred out 50.000 Units Work in process, December 31: 20.000 Units Direct material: 100% completed Conversion: 50% completed Costs incurred in December: Direct material Conversion costs: Total cost incurred during December a) Calculate Physical flow of units.(5 marks) b) Calculate equivalent units of production (10 marks) c) Calculate the unit cost using weighted-average method (10 marks) TRY 90 000 TRY 50 000 TRY 140 000 Kadıkoy Plc. manufactures products that is used extensively in the furniture industry. Cost accounting department uses process costing method. The following data have been given for the month of December 2022 Work in process, December 1 Direct material: 100% completed, cost Conversion: 40% complete, cost of Units started during December 30.000 units TRY 50 000 TRY 10 000 40,000 Units Completed during December transferred out 50.000 Units Work in process, December 31: 20.000 Units Direct material: 100% completed Conversion: 50% completed Costs incurred in December: Direct material Conversion costs: Total cost incurred during December a) Calculate Physical flow of units.(5 marks) b) Calculate equivalent units of production (10 marks) c) Calculate the unit cost using weighted-average method (10 marks) TRY 90 000 TRY 50 000 TRY 140 000