Question 9.RQ.1.14: The value of completed output for the period was (A) £ 171,5...

CIMA Official Learning System Fundamentals of Management Accounting

The value of completed output for the period was

(A) £ 171,555
(B) £ 201,500
(C) £ 274,488
(D) £ 322,400

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(D)
Equivalent units table

		Materials		Labour		Production o/h
Description	Units	%	EU	%	EU	%	EU
Output	800	100	800	100	800	100	800
Closing WIP	500	100	500	90	450	40	200
EU			1,300		1,250		1000

Costs – Period			£		£		£
Opening WIP			198,000		139,500		79,200
Total cost			49,000		23,000		3,800
Cost per equivalent unit			247,000		162,500		83,000
			190		130		83

Value of completed output = 800 × ( £190 + £130 + £83) = £322,400

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