The following details relate to the main process of W Limited, a chemical manufacturer:
|
Opening work in progress |
2000 litres, fully complete as to materials and 40% complete as to conversion |
|
Material input |
24 000 litres |
|
Normal loss is 10% of input |
|
|
Output to process 2 |
19 500 litres |
|
Closing work in progress |
3000 litres, fully complete as to materials and 45% complete as to conversion |
The number of equivalent units to be included in W Limited’s calculation of the cost per equivalent unit using a FIFO basis of valuation are:
|
Materials |
Conversion |
|
|
A |
19 400 |
18 950 |
|
B |
20 500 |
20 050 |
|
C |
21 600 |
21 150 |
|
D |
23 600 |
20 750 |
|
E |
23 600 |
21 950 |