Calculate equivalent units schedule

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Reference no: EM132593537

Question - Ilmiah Sdn Bhd (ISB) had the following production and cost informstion for its fabrication department during April (material are added at the beginning of the fabrication process).

Production:

Units in process, April 1, 50% complete with respect to conversion 5,000

Units completed 32,600

Units in process, April 30 , 60% complete with respect to conversion 6,000

Costs:

Work in process, April 1: Materials RM20,000

Conversion costs RM15,000

Total RM35,000

Current costs:

Materials RM62,500

Conversion costs RM105,000

Total RM167,500

Ilmiah Sdn Bhd (ISB) uses the weighted average method.

Required -

a) Calculate equivalent units schedule.

b) Calculate the unit costs (Note: Round answer to two decimal places).

c) Calculate the cost of units transferred out and the cost of EWIP.

Reference no: EM132593537

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