Neco Model Questions Vol1 2018 Financial Accounting Question 5

A manufacturing firm uses two production departments. The data for the month are as follows:\n\n**Department A (Materials)**\n- Beginning WIP: 2,000 units, 40% complete for materials, cost \(\₦120,000\).\n- Units started: 8,000 units.\n- Units transferred out to Department B: 7,500 units (100% complete for materials).\n- Ending WIP: 2,500 units, 60% complete for materials.\n- Materials cost added during the month: \(\₦560,000\).\n\n**Department B (Conversion)**\n- Beginning WIP: 1,500 units, 30% complete for conversion, cost \(\₦90,000\).\n- Units received from Department A: 7,500 units (100% complete for materials, 0% for conversion).\n- Conversion cost added during the month: \(\₦420,000\).\n- Units completed and transferred out: 6,800 units (100% complete for conversion).\n- Ending WIP: 2,000 units, 50% complete for conversion.\n\nUsing the weighted‑average method, determine:\n(a) the cost per equivalent unit for materials in Department A;\n(b) the cost per equivalent unit for conversion in Department B;\n(c) the total cost assigned to the ending WIP in Department B.