QUESTION
1
The Cutting Department of Oak Ltd has the following production
and manufacturing cost data for March:
Work In Process inventory, Beginning Balance
20,000
Units started into production
60,000
Work In Process inventory, Ending Balance
10,000
Units transferred to next production department
70,000
Materials
Conversion
Percentage completion WIP, Beginning Balance
40%
10%
Percentage completion WIP, Ending Balance
60%
30%
AED
AED
Cost beginning WIP Balance
250,000
180,000
Cost added during the month
686,000
264,000
(Assume that the company uses...