Process costing
. At 1 December, DNC Limited's paint production process had 1,000 litres of work in progress that were 65% complete with respect to materials and 45% complete with respect to conversion costs. During the month, 28,000 litres of finished paint production were transferred to finished goods stores. At 31 December there were 1,200 litres of paint in the process which were 75% complete with respect to materials and 50% complete with respect to conversion costs. DNC Limited uses the weighted average cost basis to value closing work in progress and finished units of output. What is the number of equivalent units of material and of conversion that will be used in calculating the cost per equivalent unit to be used in the valuation of closing work in progress and finished goods in DNC Limited's paint production process in December?

. GNK Limited produces industrial cleaning fluid. At 1 February, the company's industrial cleaning fluid process consisted of 5,000 litres of work in progress that were 80% complete with respect to all inputs of materials, labour and overhead. This opening work in progress had a cost of £15,840. During the month, 20,000 litres of finished industrial cleaning fluid were transferred to goods for sale. Costs incurred by the process during February totalled up to £99,000. At 28 February there were 4,000 litres of industrial cleaning fluid which were 50% complete with respect to all inputs of materials, labour and overhead. GNK Limited uses the weighted average cost basis to value closing work in progress and finished units of output. What is the value of work in progress in the industrial cleaning fluid process at 28 February?

. MKL Limited produces solvent. At 1 October, the company's solvent production process consisted of 2,000 litres of work in progress that were 70% complete with respect to all inputs of materials, labour and overhead. This opening work in progress had a cost of £7,920. During the month, 25,000 litres of finished solvent were completed and transferred to finished goods. Solvent process costs incurred during October totalled up to £132,000. At 31 October there were 2,000 litres of solvent in the process which were 70% complete with respect to all inputs of materials, labour and overhead. MKL Limited uses the weighted average cost basis to value closing work in progress and finished units of output. What is the value of finished goods that the company will record in its process account for October?

. BJJ Limited refines oil. At 1 November, stage one of the company's oil refining process consisted of 10,000 litres of work in progress that were 65% complete with respect to materials and 45% complete with respect to conversion costs. This opening work in progress had a cost of £16,665, £12,150 of which related to materials and £4,515 of which related to conversion costs. During the month, 60,000 litres of stage one oil were transferred to the next step in the refining process. Materials costs in November were £123,525 and conversion costs were £54,180. At 30 November there were 12,500 litres of material in stage one of the refining process, which were 60% complete with respect to materials and 36% complete with respect to conversion costs. BJJ Limited uses the weighted average cost basis to value closing work in progress and finished units of output. What figure will the company record as the cost of work in progress in its process account at the end of November?

. Bavi Limited manufactures perfume. At 1 March, there were 1,000 litres of work in progress that were 60% complete with respect to materials and 40% complete with respect to conversion costs. This opening work in progress had a total cost of £7,878, made up of £5,610 of materials and £2,268 of conversion costs. During the month, 6,000 litres of perfume were transferred to the bottling process. Materials costs in March were £59,400 and conversion costs were £37,170. At 31 March there were 1,500 litres of material in the perfume production process which were 40% complete with respect to materials and 20% complete with respect to conversion costs. Bavi Limited uses the weighted average cost basis to value closing work in progress and finished units of output. What value will the company record in its process account in March for the cost of production of goods transferred to the bottling process?