Question 4Lemon Enterprises produces premier raspberry jam. Output is measured in pints. Lemonuses the weighted average method. During January, Lemon had the following productiondata:Units in process, January 1, 60% completeUnits completed and transferred outUnits in process, January 31, 40% complete108,000 pints720,000 pints225,000 pintsCosts:Work in process, January 1Cost added during JanuaryRM162,000RM1,053,000Required:a) Using the weightage average method, calculate the equivalent units for January.b) Calculate the unit cost for January.c) Assign costs to units transferred out and EWIP.

Name: Question 4Lemon Enterprises produces premier raspberry jam. Output is
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Description: Question 4Lemon Enterprises produces premier raspberry jam. Output is measured in pints. Lemonuses the weighted average method. During January, Lemon had the following productiondata:Units in process, January 1, 60% completeUnits completed and trans

Solution: (a). Equivalent units for January: Equivalent units for Jan = Units completed and…

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Question 4 Lemon Enterprises produces premier raspberry jam. Output is measured in pints. Lemon uses the weighted average method. During January, Lemon had the following production data:

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter6: Process Costing

Section: Chapter Questions

Problem 28BEA: Transferred-In Cost Powers Inc. produces a protein drink. The product is sold by the gallon. The...

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