PART 1 Al Meezan Company has three processing departments. The costs incurred in the second...
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PART 1 Al Meezan Company has three processing departments. The costs incurred in the second department during May were as follows: Cost (S) No. of Units % of Completion DM CC 0 0 TI DM CC 0 0 0 32,640 86,830 229,350 WIP, May 1 Transferred in from Department 1 Transferred to Department 2 WIP, May 31 0 24,000 14,000 10,000 50% 25% 24,000 units were received from first department during May. 14,000 units were completed and transferred to finished goods storeroom and 10,000 units were still in process at the end of May. Required: Using above data, prepare a cost of production report for May for the second department of Al Meezan Company
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