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kindly solve this as soon as possible Cock Submit to complete this assessment Question...

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Accounting

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kindly solve this as soon as possible

Cock Submit to complete this assessment Question 3 The Cutting Department of Oak Ltd has the following production and manufacturing cost data for March: Work In Process inventory, Beginning Balance Units started into production Work In Process inventory, Ending Balance Units transferred to next production department 20,000 60,000 10,000 70,000 Materials Conversion 40% 10% 60% 30% Percentage completion WIP. Beginning Balance Percentage completion WIP, Ending Balance Cost beginning WIP Balance Cost added during the month AED 250,000 686,000 AED 180,000 264,000 Required: (Round to 2 decimal points if needed) (Assume that the company uses the weighted average method of accounting for units and costs) 1. Determine the equivalent units for July for the Finishing Department. (11 Marks) 2. Compute the costs per equivalent unit for July for the Finishing Department. (10 Marks) 3. Determine the total cost of ending work in process inventory. (7 Marks) 4. Determine the total cost of units transferred out. (7 Marks) TTT Arial 3 (12pt) : T

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