Heara Ltd Manufactures Metal Sheets and Uses the Weighted Average

question 85

Multiple Choice

Heara Ltd manufactures metal sheets and uses the weighted average method process costing. On 1 May the Rolling Department had 2000 units work in progress, which were 20 per cent completed as to conversion costs. During May 10 000 units were completed and transferred out. The remaining work in progress on 30 May was 50 per cent complete in terms of conversion rate. If the equivalent unit is 12 000 units, what is the 30 May work in progress?

• A) 4000 units
• B) 2000 units
• C) 8000 units
• D) 5000 units

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Definitions:

Export Development Corporation

A government agency tasked with supporting and developing the country's export trade, offering financing, insurance, and bonding services to exporters.

Customs Brokerage Firm

A company that specializes in facilitating the import and export of goods, helping businesses navigate through customs regulations and procedures.

Department of External Affairs

An historical term used for the government department in some countries responsible for foreign relations and diplomacy, now often referred to as the Ministry of Foreign Affairs.

Trade Missions

Official trips organized by governments or trade associations aimed at exploring international business opportunities and fostering economic relations.