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Calculate the total value of the units transferred to Process II. O a. RM198,000 O b. RM238,500 OC RM134,500 O d. RM214,500

Calculate the total value of the units transferred to Process II. O a. RM198,000 O b. RM238,500 OC RM134,500 O d. RM214,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Well Done Sdn. Bhd. makes a product that has to pass through two manufacturing processes, I and II. All the materials is input at the start of Process I. No losses occur in Process I but there is a normal loss in Process II equals to 7% of the input into that process. Losses have no realisable value. Process I is operated only in the first part of every month followed by Process II in the second part of the month. All completed production from Process I is transferred into Process II in the same month. There is no Work In Process (WIP) in Process II. Information for last November for each process is as follows: Process I Opening WIP 200 units (40% complete for conversion costs) valued in total at RM16,500 Input into the process Oa. RM198,000 O b. RM238,500 OC RM134,500 O d. RM214,500 1,900 units with a material cost of RM133,000 Conversion costs incurred RM93,500 Closing WIP 50% complete for conversion costs Process II Transfer from Process I Conversion costs incurred Completed units 1,660 units Calculate the total value of the units transferred to Process II. 1,800 units RM78,450
Transcribed Image Text:Well Done Sdn. Bhd. makes a product that has to pass through two manufacturing processes, I and II. All the materials is input at the start of Process I. No losses occur in Process I but there is a normal loss in Process II equals to 7% of the input into that process. Losses have no realisable value. Process I is operated only in the first part of every month followed by Process II in the second part of the month. All completed production from Process I is transferred into Process II in the same month. There is no Work In Process (WIP) in Process II. Information for last November for each process is as follows: Process I Opening WIP 200 units (40% complete for conversion costs) valued in total at RM16,500 Input into the process Oa. RM198,000 O b. RM238,500 OC RM134,500 O d. RM214,500 1,900 units with a material cost of RM133,000 Conversion costs incurred RM93,500 Closing WIP 50% complete for conversion costs Process II Transfer from Process I Conversion costs incurred Completed units 1,660 units Calculate the total value of the units transferred to Process II. 1,800 units RM78,450
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