Reference no: EM132744241

Questions -

Q1. Softcloth Textile Pty Ltd manufactures a variety of fabrics. The Weaving Department had 1000 units in work in process on April 1, which were 20 per cent to conversion costs. During April, 8000 units were completed and transferred. On April 30, 4000 units remained in work in process 50 per cento conversion costs.

Using the weighted average method process costing, calculate the equivalent units of conversion for the month of April.

a. 12,000

b. 9,000

c. 9,800

d. 10,000

Q2. Spark Ltd began the month of October with a finished goods inventory of $15,000. The finished goods inventory at the end of October was $10,000 and the cost of goods sold during the month was $20,000. The cost of goods manufactured during the month of October was:

a. $5,000

b. $25,000

c. $20,000

d. $15,000