T p Ay fa 52. PA k Coste - Y d £4: PA wl Kress We ci deygerted Fs ‘There are two useful workings thet help answer this question. Peeve Proven Haters 4 Convrscw cent Teta oie 8 EU kk BU a ce Opening stcks 3000” a nod at00"* SBR) anh FP Stcted end completed 200 190 3.00" sTany: ay soo CASES 190 Sano ae abla | Lewes 2000 100 000800 g0 1400 “25100 «48900 aS 8,980 Giang steer foo 100 Xaca ison «$0 z00 soo 2 2sn Food antag = 14,000 11,000 . £20,800 10,300 £18,025. 9,900. £24,750 £73,575. F yo FF eg 7 RT a? : ine 4 (1) Percentage required to complete the units in work in progress Working 2; Process 4 account January 19X3 kg £ kg £ Opening stock 3,000 16,400 Process 5 (Note 1) «8,000 56,225 ‘Transfers in (Wi) 11,000° 30,800 Loss (abnormal)(W1) 2,000 9,950 < Materials (W1) 18,025 Closing stock (W1) 4,000 23,800 — Conversion cost (W1) 24,750 14,000 89,975, 14,000 89,975 Note 1 Opening stock value brought forward ! 16,400 . Cost of completion (W1 - final column) 2 4575 iistae Started and completed (W1 - final column) 235,250 @® Total cgst of & 000 ke ane cll ta Redeess 5 x £56225 ee @ 5 # ibhat Tus eal Soo + OREN Hite) Piast Coa (b) Working 1 also answers parts (6)()(ii) ae: * Eee 7 ets se (i) Previous process costs 2% (zon tavslerm\ gs0.g0g ts o a Materials Process 4 14% Sec), HSeeDA V0, e19.095 By (ii) Conversion cost Hens 8) Te 4750 7, @ 25 Fomnets?s sept aesnasseet) 7 Rp Rak © Process § accotint January 19X3 kg Unit £ kg Unit £ From Process 4 8{000 /7.03 156225] Loss (normal) 800 721,600! ‘Additional material ” 110,175) Finished goods [7,400 “415. 85,1001 Conversion costs 113,000 2%e Co Abnormal gain 20S 2,300) e 8,200 86,700 8,200 86,700 24,400 = 1.600) Cost of oumpur = EAAIE EOD) - crn. 50