The quantity and cost data belonging to Department Z of Daya Company for the month of...

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The quantity and cost data belonging to Department Z of Daya Company for the month of July is presented below: Quantity data: ● Units received from department Y: 24,000 Units transferred to finished goods storeroom: 18,000 Units in ending inventory (70% converted): 4,000 Expected normal loss: 5% of good output Abnormal loss: ? Cost data: ● Cost of units received from preceding department: RM168,000 Cost incurred in Department Z: - Materials: RM36,000 - Labor and factory overhead: RM91,200 In Department Z, conversion costs are incurred uniformly throughout the process and materials are added at the end of the process, following inspection. Required: Prepare a cost of production report for Department Z of Daya Company. The quantity and cost data belonging to Department Z of Daya Company for the month of July is presented below: Quantity data: ● Units received from department Y: 24,000 Units transferred to finished goods storeroom: 18,000 Units in ending inventory (70% converted): 4,000 Expected normal loss: 5% of good output Abnormal loss: ? Cost data: ● Cost of units received from preceding department: RM168,000 Cost incurred in Department Z: - Materials: RM36,000 - Labor and factory overhead: RM91,200 In Department Z, conversion costs are incurred uniformly throughout the process and materials are added at the end of the process, following inspection. Required: Prepare a cost of production report for Department Z of Daya Company.

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To prepare a cost of production report for Department Z of Daya Company we need to calculate the following 1 Equivalent Units of Production 2 Cost per Equivalent Unit 3 Cost of Goods Transferred Out 4 ... View the full answer