Irfan Inc, instituted a new process in October, during which it started 10,000 units in Department A. Out of 10,000 units, 1,000 units, a normal number, were lost during the process: 7,000 were transferred to Department B: and 2,000 remained in work in process inventory at the end of the month 100% conmplete as to materials and 50% complete as to conversion cost

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What will be the equivalent units for materials and cost per unit of materials.

Irfan Inc, instituted a new process in October, during which it started 10,000 units in Department A. Out of 10,000 units,
1,000 units, a normal number, were lost during the process: 7,000 were transferred to Department B: and 2,000 remained in
work in process inventory at the end of the month, 100% complete as to materials and 50% complete as to conversion cost.
Materials and conversion cost of Rs. 27,000 and Rs. 40,000, respectively, were charged to the department in October.
Transcribed Image Text:Irfan Inc, instituted a new process in October, during which it started 10,000 units in Department A. Out of 10,000 units, 1,000 units, a normal number, were lost during the process: 7,000 were transferred to Department B: and 2,000 remained in work in process inventory at the end of the month, 100% complete as to materials and 50% complete as to conversion cost. Materials and conversion cost of Rs. 27,000 and Rs. 40,000, respectively, were charged to the department in October.
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