Following information is taken from the books of Ramman Lal and Company. Opening WIP 1000 units 70% complete Units introduced during the period = 12000 units , Cost Rupees 21.40 Lacs Units transferred to the next process 10000 units Closing WIP 700 units (60% complete) Normal Loss is estimated at 10% of the total input including units at the beginning. Scrap realized = Rs 5 per unit Scraps are 100% complete Calculate and describe the equivalent production. Calculate process cost (net)
Following information is taken from the books of Ramman Lal and Company. Opening WIP 1000 units 70% complete Units introduced during the period = 12000 units , Cost Rupees 21.40 Lacs Units transferred to the next process 10000 units Closing WIP 700 units (60% complete) Normal Loss is estimated at 10% of the total input including units at the beginning. Scrap realized = Rs 5 per unit Scraps are 100% complete Calculate and describe the equivalent production. Calculate process cost (net)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Following information is taken from the books of Ramman Lal and Company.
Opening WIP 1000 units 70% complete
Units introduced during the period = 12000 units , Cost Rupees 21.40 Lacs
Units transferred to the next process 10000 units
Closing WIP 700 units (60% complete)
Normal Loss is estimated at 10% of the total input including units at the beginning.
Scrap realized = Rs 5 per unit
Scraps are 100% complete
Calculate and describe the equivalent production. Calculate
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