Question - 2 Information relating to goods in process in Frame Department of SOHRAM CYCLE

Ouestion 2 Information relating to goods in process in Frame Department Of SOHRAM CYCLE MANUFACTURING CO. during the month ofSeptember 1993 are as under Beginning inventory in process (Material; 26,400, Labour: 10,000, FOH, 9000) Raw material used Direct labour used Applied Factory overhead (90% of Direct Labour Cost) Units in process September l, (100% complete as to Material, as to Conversion Cost] Units put in to process during September Units completed and transferred to Painting Department Units in process September 30 (90% complte as to Material, 50% complete as to Conversion Costl Rs. Units Assume Any Method of your Choice (FIFO or Weighted Average) Determine i] Equivalent Production in Units iii) Cost Of units transferred to Painting Department 45,400 74.400 90.000 81,000 6,000 32,000 28,000 10,000 Cost of One Unit Work in process (ending) Give journal entries to record the cost allocated to production and the cost Of units completed during September 1993. From tlr desk of Faculty of Accounti' and Finance - Cost Accounti' Team (B, 931') I Page I of 41