Question: please do 4.1 and 4.2 and 4.3 QUESTION 4 (20 MARKS) REQUIRED Prepare the Process Cost Report for Process 2 using the FIFO method. The

please do 4.1 and 4.2 and 4.3

QUESTION 4 (20 MARKS) REQUIRED Prepare the Process Cost Report for Process 2 using the FIFO method. The report must include the following: 4.1 Quantity statement (6 marks) Cost statement (5 marks) Cost allocation statement (9 marks) 42 4.3 Units INFORMATION Simbalina Ltd uses two processes to manufacture plates. The following details are applicable to Process 2 for March 2020 Production details Units of incomplete work (01 March 2020) (100% complete .r.o. materials: 40% complete i.r.o. conversion costs) 76 800 Units received from the previous process 307 200 Units completed and transferred 230 400 Units of incomplete work (31 March 2020) (100% complete i.r.o. materials: 60% complete i.r.o. conversion costs) ? R 1 228 800 Details in connection with costs: Incomplete work (01 March 2020) Costs of previous process Direct materials Conversion costs Costs incurred during March 2020: Transferred from previous process Direct materials Conversion costs 967 680 168 960 92 160 2 641 920 1 735 680 322 560 583 680 3 870 720

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