Bottles for Africa has been manufacturing plastic bottles for the last couple of years. The company…

Bottles for Africa has been manufacturing plastic bottles for
the last couple of years. The company uses a process costing system
under the weighted average method to calculate equivalent units and
costs per unit. Materials are added at the beginning of the process
whilst conversion costs are allocated evenly over the process. The
following information is available for the past month:
Work-in-progress opening balance (500 bottles 70% complete)
R7,750
Direct materials R2,500
Conversion costs R5,250
Types of costs incurred:
Direct materials opening balance R500
Direct materials purchased R50,000
Direct materials closing balance R1,000
Conversion cost incurred R580,000
Conversion cost issued to production R600,000
Number of bottles completed 25,000
Work-in-progress closing balance (750 bottles 50% complete) ?
Required:
1. Calculate the equivalent number of units completed for both
direct materials and conversion cost.
Direct materials units …..
Conversion costs units …..
2. Calculate the direct material and conversion cost per
equivalent unit. (Round your answers to 2 decimal places.)
Direct materials per equivalent unit
Conversion cost per equivalent unit
3. Calculate the closing balance of Work-in-progress. (Round
your answer to 2 decimal places.)

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