Process 2 receives units from Process 1 and after carrying out work on the units transfers them
Question:
Process 2 receives units from Process 1 and after carrying out work on the units transfers them to Process 3. For the accounting period the relevant data were as follows:
The costs of the period were Rs. 33,160 and no units were scrapped.
Required:
Prepare the Process Account for Process 2 using the Average Cost Method of valuation.
Transcribed Image Text:
Opening WIP 200 units (25% complete) valued at 800 units received from Process I valued at 840 units were transferred to Process 3 Closing WIP 160 units (50% complete) Rs. 5,000 Rs. 8,600
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