Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Jul 2017 My Price 6.00

average method

In a continuous flow process, the following information was collected in relation to production during the month of May:

 

Units

Work-in-progress at start of month (60% complete)

50,000

New units introduced for processing

80,000

Completed units transferred to store

100,000

Work-in-progress at end of month (20% complete)

30,000

Opening work-in-progress was valued at cost of £42,000. Costs incurred during the month were £140,000.

Required

Calculate the value of finished output and work-in-progress using the weighted average method

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 09:07 PM My Price 6.00

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