Following details are related to the work done in Process 'A'XYZ Company during the month of...

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Following details are related to the work done in Process 'A'XYZ Company during the month of March, 2011: (Rs.) 80,000 15,000 45,000 Opening work-in progress (2,000 units) Materials Labour Overheads - Materials introduced in Process 'A' (38,000 units) Direct Labour Overheads Units scrapped: Degree of completion: Materials Labour and overheads 3,000 units 100% 80% 2,000 units Closing work-in progress: Degree of completion : Materials 100% Labour and overheads 80% Units finished and transferred to Process 'B': 35,000 units Normal Loss: 5% of total input including opening work-in-progress. Scrapped units fetch Rs.20 per piece. You are required to prepare: (i) Statement of equivalent production (ii) Statement of cost (iii) Statement of distribution cost, and (iv) Process 'A' Account, Normal and Abnormal Loss Accounts. 14,80,000 3,59,000 10,77,000 Following details are related to the work done in Process 'A'XYZ Company during the month of March, 2011: (Rs.) 80,000 15,000 45,000 Opening work-in progress (2,000 units) Materials Labour Overheads - Materials introduced in Process 'A' (38,000 units) Direct Labour Overheads Units scrapped: Degree of completion: Materials Labour and overheads 3,000 units 100% 80% 2,000 units Closing work-in progress: Degree of completion : Materials 100% Labour and overheads 80% Units finished and transferred to Process 'B': 35,000 units Normal Loss: 5% of total input including opening work-in-progress. Scrapped units fetch Rs.20 per piece. You are required to prepare: (i) Statement of equivalent production (ii) Statement of cost (iii) Statement of distribution cost, and (iv) Process 'A' Account, Normal and Abnormal Loss Accounts. 14,80,000 3,59,000 10,77,000