Question: Please fast within few minutes or else let others do it. Lindwal Ltd. produces a standard product which passes through two processes. Prepare Process I

Please fast within few minutes or else let others do it.

Please fast within few minutes or else let others do it. Lindwal Ltd. produces a standard product which passes through two processes. Prepare Process I account from the following data and information for March, 2011. Work-in-progress as on 1.3.11 was 18,000 units (60% complete) valued at Rs. 16,000. Units introduced during the month 86,000. Costs are: Materials Rs. 1,10,000 Wages Rs. 60,000 Overhead Rs. 46,000 Work-in-progress as on 31.3.11 : 16,000 units (80% complete). Use first-in first-out principle

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