Solution-Calculate the total cost per unit using the

Calculate the total cost per unit using the weighted average

Assignment Help Cost Accounting

Reference no: EM132826515

Problem 1: Livingston Sdn Bhd uses process costing to account for the production of elastic bands. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of RM14,000 in materials and RM8,000 in conversion costs. April costs were RM72,000 for materials and RM80,000 for conversion costs. During April 8,000 units were completed. Ending in process inventory was 4,000 units (100% complete for materials, 50% for conversion). Calculate the total cost per unit using the weighted average method (to two decimal places).

a. RM15.97
b. RM13.84
c. RM14.00
d. RM14.50

Reference no: EM132826515

Questions Cloud

Find the weighted average cost of capital of Lanka Ventures : Debt capital represents 40% of the capital structure and Company currently borrowing at 10% interest rate. Find the weighted average cost of capital of Lanka

Why should an auditor need to get an understanding of entity : Why should an auditor need to get an understanding of the entity? ISA 210 agreeing the Terms of Audit Engagements provides guidance on the content

Implement a 5 stage radical change process : Concerning the BP and Deepwater Horizon Disaster of 2010, how would you implement a 5 stage radical change process from fossil fuels to renewable energies?

Write essay on what makes good composition in visual art : 2-3 page essay on What Makes Good Composition in Visual Art. Be sure to discuss the Principles and Elements of Design. Remember is a single space in the word.

Calculate the total cost per unit using the weighted average : Calculate the total cost per unit using the weighted average method. Ending in process inventory was 4,000 units (100% complete for materials)

Why is interim data analysis important in action research : How does the action research study include interim data analysis? Why is interim data analysis important in action research? What problems or questions emerged

What amount of investment must be made by each partners : X is entitled to a drawing account credit of P100,000, Y of P70,000 and Z of P50,000 per annum. What amount of investment must be made by each partners

List the four rules of ethical decision making : Describe an "ethical dilemma" and how our view of that dilemma today might be different five years from now.

Calculate the quantity of abnormal loss or abnormal gain : During the period, 3,500 litres of the material were input and the actual output was 3,000 litres. Calculate the quantity of abnormal loss or abnormal gain?

User Account

All Pages

Calculate the total cost per unit using the weighted average

Reference no: EM132826515

Reference no: EM132826515

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT