Reference no: EM132649295

The following data relate to the coating department of Ronald Plastics Ltd for July.

Unit data
Work in process, 1 July (in units)

Units started during July

Total units to account for.

Units completed and transferred out during July                 70,000

Work in process, 31 July (in units). 50,000

Total equivalent units: direct material

Total equivalent units: conversion

New equivalent units accomplished in July: direct material    80,000

New equivalent units accomplished in July: conversion

Cost data

Work in process, 1 July: direct material             608000

Work in process, 1 July: conversion

Costs incurred during July: direct material        1224000

Costs incurred during July: conversion

Work in process, 1 July: total cost

Total costs incurred during July                    2986800

Total costs to account for                           3866800

Cost per equivalent unit: direct material

Cost per equivalent unit: conversion

Total cost per equivalent unit

Costs of good completed and transferred out during July

Cost remaining in ending work in process inventory:

Direct material

Conversion

Total cost of 31 July work in process

Additional information:

Direct material is added at the beginning of the production process, and conversion occurs uniformly throughout the process.

Ronald Plastics uses FIFO process costing.

1 July work in process was 30 per cent complete as to conversion. 31 July work in process was 40 per cent complete as to conversion

Required

Question 1: Calculate the missing amounts.

Question 2: Prepare the July production report for the coating department.