Severn Minto plc makes a single product by passing materials through a consecutive processes. All materials are
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Question:
- Severn Minto plc makes a single product by passing materials through a consecutive processes.
- Prepare the Equivalent Table, the Equivalent cost and the Evaluation table.
- Prepare the Process Account for the period based on the above information.
All materials are introduced at the start of each process. All losses occur at the end of each process.
The following information is available for Month 6 of Year 9:
Input for month 9,700 kg
Materials – total cost $90,000
Conversion Cost $26,000
Closing stock of work-in-progress 1,600 kg - 80% complete
Output transferred to Finished Goods - 7,800 kg
Normal losses 200 kg
REQUIRED
All workings must be calculated to 5 decimal places; ledger entries calculated to the nearest$
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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