Reference no: EM132561021
The following information pertains to the good in the process No. 3 for November 2005:
Cost of goods in process inventory, November 1 (4000 units 100% complete. as to materials and 75% complete.as to conversion cost) Rs. 4,87,000.
Cost of 14,000 units transferred in form process No. 2 Rs. 7,00,000
Manufacturing costs added in process No. 3
Direct Materials ............................ Rs. 2,80,000
Direct Labour ............................... Rs. 1,25,000
Factory Overhead ......................... Rs. 3,75,000
On November 30, 5000 units are still process No. 3, which are 100% complete. as to materials and 50% complete. as to conversion cost.
Required:
Question 1: Calculate i. Equivalent units of production ii. Cost per unit iii. Cost of unit transferred to finished goods iv. Cost of units in process on November 30 v. cost reconciliation
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