The following data relate to the coating department of Ronald Plastics Lid for July. Unit data...

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The following data relate to the coating department of Ronald Plastics Lid for July. Unit data Work in process, 1 July (in units) Units started during July Total units to account for Units completed and transferred out during July Work in process, 31 July (in units) Total equivalent units: direct material Total equivalent units: conversion New equivalent units accomplished in July: direct material New equivalent units accomplished in July: conversion 70000 50000 80000 Cost data Work in process, 1 July: direct material Work in process, 1 July: conversion Costs incurred during July: direct material Costs incurred during July: conversion Work in process, 1 July: total cost Total costs incurred during July Total costs to account for Cost per equivalent unit: direct material Cost per equivalent unit: conversion Total cost per equivalent unit Costs of good completed and transferred out during July S608 000 1224 000 2 986 800 3 866 800 Cost remaining in ending work in process inventory: Direct material Conversion Total cost of 31 July work in process Additional information: Direct material is added at the beginning of the production process, and conversion occurs uniformly throughout the process. Ronald Plastics uses FIFO process costing 1 July work in process was 30 per cent complete as to conversion. 31 July work in process was 40 per cent complete as to conversion Required 1. Calculate the missing amounts. 2. Prepare the July production report for the coating department. [All figures must be supported by workings) MAF 200116- Session 2, 2020 Group assignment Page S of 11 The following data relate to the coating department of Ronald Plastics Lid for July. Unit data Work in process, 1 July (in units) Units started during July Total units to account for Units completed and transferred out during July Work in process, 31 July (in units) Total equivalent units: direct material Total equivalent units: conversion New equivalent units accomplished in July: direct material New equivalent units accomplished in July: conversion 70000 50000 80000 Cost data Work in process, 1 July: direct material Work in process, 1 July: conversion Costs incurred during July: direct material Costs incurred during July: conversion Work in process, 1 July: total cost Total costs incurred during July Total costs to account for Cost per equivalent unit: direct material Cost per equivalent unit: conversion Total cost per equivalent unit Costs of good completed and transferred out during July S608 000 1224 000 2 986 800 3 866 800 Cost remaining in ending work in process inventory: Direct material Conversion Total cost of 31 July work in process Additional information: Direct material is added at the beginning of the production process, and conversion occurs uniformly throughout the process. Ronald Plastics uses FIFO process costing 1 July work in process was 30 per cent complete as to conversion. 31 July work in process was 40 per cent complete as to conversion Required 1. Calculate the missing amounts. 2. Prepare the July production report for the coating department. [All figures must be supported by workings) MAF 200116- Session 2, 2020 Group assignment Page S of 11

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