For a manufacturer with a process costing system, the following data relate to the year just ended
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Question:
For a manufacturer with a process costing system, the following data relate to the year just ended is given:
Units | Percentage of Completing Direct Material | |
Work in process, 1 January | 40,000 litres | 60% |
Work in process, 31 December | 30,000 litres | 75% |
During the year the company started 200,000 litres of material in Production Calculating the equivalent units of direct material for the year using weighted average method.
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
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