QUESTION 4 Cantik Bhd manufactures a product that goes through two departments prior to completion- the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June. The company uses the weighted-average method. Percent Completed Units Materials Conversion 40% Work in process, beginning Started into production 70,000 70% 460,000 Completed and transferred out Work in process, ending Work in process, beginning Cost added during the year 450,000 80,000 75% 25% RM36,550 RM13,500 RM391,850 RM287,300 Required: a) Determine the equivalent units for June for the mixing department.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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b) Compute the cost per equivalent unit for June for the mixing department.
c) Determine the total cost of ending work in process inventory and the total cost of unit
transferred to the packaging department.
d) Prepare the cost reconciliation report for the mixing department for June.
e) Discuss under what condition it would be appropriate to use a process costing systems.
f) Briefly explain any TWO (2) similarities between job order and process costing
Transcribed Image Text:b) Compute the cost per equivalent unit for June for the mixing department. c) Determine the total cost of ending work in process inventory and the total cost of unit transferred to the packaging department. d) Prepare the cost reconciliation report for the mixing department for June. e) Discuss under what condition it would be appropriate to use a process costing systems. f) Briefly explain any TWO (2) similarities between job order and process costing
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QUESTION 4
Cantik Bhd manufactures a product that goes through two departments prior to completion
the Mixing Department followed by the Packaging Department. The following information is
available about work in the first department, the Mixing Department, during June. The
company uses the weighted-average method.
Percent Completed
Units
Materials
Conversion
70%
40%
Work in process, beginning
Started into production
70,000
460,000
Completed and transferred out
Work in process, ending
Work in process, beginning
Cost added during the year
450,000
80,000
75%
25%
RM36,550
RM13,500
RM391,850
RM287,300
Required:
a) Determine the equivalent units for June for the mixing department.
Transcribed Image Text:ons Reuse Files Add-ins Media Links Comments Header & Footer QUESTION 4 Cantik Bhd manufactures a product that goes through two departments prior to completion the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June. The company uses the weighted-average method. Percent Completed Units Materials Conversion 70% 40% Work in process, beginning Started into production 70,000 460,000 Completed and transferred out Work in process, ending Work in process, beginning Cost added during the year 450,000 80,000 75% 25% RM36,550 RM13,500 RM391,850 RM287,300 Required: a) Determine the equivalent units for June for the mixing department.
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