Following information is available regarding process A for the month of February, 2011: Production Record Units in process as on 1.2.2011 (All materials used, 25% complete for labour and overhead) New units introduced Units completed Units in process as on 28.2.2011 (All materials used, 33-1/3% complete for labour and overhead) Cost Records Work-in-process as on 1.2.2011 Materials Labour Overhead Cost during the month Materials Labour Overhead Presuming that average method of inventory is used, prepare: (i) Statement of equivalent production. (i) Statement showing cost for each element. (iii) Statement of apportionment of cost. (iv) Process cost account for process A. Units 4,000 16,000 14,000 6,000 Rs. 6,000 1,000 1,000 8,000 25,600 15,000 15,000 55,600