Q No.5 :PROCESS COSTING

Information given to Goods in process in the CAP DEPARTMENT of ABC company.

Beginning Inventory Rs. 15,000

Material cost 75,000

Labor cost 53,700

Overhead cost 35,800

Production information:

Units in process August 1, (80% complete as to Material and

70% complete as to Labour and overhead) -------------------------------------5000 UNITS

Units put into process during the month------------------------------------------20,000

Units completed and transferred to Holder department-----------------------16,000

Units in process August 31( 75% complete as to Material and 60%

complete as to labor and overhead)-----------------------------------------------9000

Instruction: Prepare Cost of Production Report for the month of August