No. 5(a): Preparation of manufacturing Account for Kaycee Garments for the year ended 31st December 2017:
No. 5(b): Calculation of the cost of production per unit based on Kaycee Garments production of 40,000 uniforms for the year:
Cost of production per unit = Total cost of production = 553,350 = $13.83/unit
Number of units produced 40,000
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The author holds a Bsc (Hons) Degree in Applied Accounting from Oxford Brookes University, England and enjoys a successful career as an Accounting Supervisor and a private tutor.