Greetings

Would you please work out this problem and show step by step to come to answers required.

Thanks

Bottles for Africa has been manufacturing plastic bottles for the last couple of years. The company uses a process costing system under the weighted average method to calculate equivalent units and costs per unit. Materials are added at the beginning of the process whilst conversion costs are allocated evenly over the process. The following information is available for the past month: Work-in-progress opening balance (500 bottles 70% complete) R7,750 Direct materials R2,500 Conversion costs R5,250 Types of costs incurred: Direct materials opening balance R500 Direct materials purchased R50,000 Direct materials closing balance R1.000 Conversion cost incurred R580,000 Conversion cost issued to production R600,000 Number of bottles completed 25,000 Work-in-progress closing balance (750 bottles 50% complete) Required: 1. Calculate the equivalent number of units completed for both direct materials and conversion cost. Direct materials units Conversion costs units 2. Calculate the direct material and conversion cost per equivalent unit. (Round your answers to 2 decimal places.) Direct materials R per equivalent unit Conversion cost R per equivalent unit