Syarikat Maju Senang uses the weighted average method and produces a product that passes through...
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Accounting
Syarikat Maju Senang uses the weighted average method and produces a product that passes through 2 departments: blending and cooking. In the blending department, all materials are added at the beginning of the process. All other manufacturing inputs are added uniformly. The following information pertains to the blending department for December 2022:
| Work in process, beginning: 45,400 kilogram (kg), 40% complete with respect to conversion costs, where: |
RM | Work in process, ending: 22,700 kg, 60% complete with respect to conversion costs, where: |
RM |
| Materials | 20,000 | Materials | 210,000 |
| Labour | 10,000 | Labour | 100,000 |
| Overhead | 30,000 | Overhead | 270,000 |
Units completed and transferred out: 168,000 kg.
Required:
i. Prepare a schedule of equivalent unit.
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