Question: Continuous Process ( Pty ) Ltd manufactures a single product and uses a process costing system. The company recorded the following information for June 2

Continuous Process (Pty) Ltd manufactures a single product and uses a process costing
system. The company recorded the following information for June 2024:
Normal losses are estimated at 5% of the units that reach the wastage point.
Normal losses occur when the process is 60% complete.
Raw materials are added at the beginning of the process and conversion takes place
evenly throughout the process.
Costs information was as follows:
Opening WIP
Raw materials
Conversion
Added in June 2024
Raw materials
Conversion
R
138000
40000
420000
245000
Continuous Process (Pty) Ltd manufactures a single product and uses a

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