Questions: A product passes through three processes, viz,( A,B,and C) to completion . During the period 15th Jan 2021. 1000 liters were produced. The following information is obtained

Particulars Process A Process B Process C

Material cost 40,000 15,000 5,000

Labour cost 20,000 25,000 15,000

Overhead Expenses 5,000 3,000 3,000

Indirect overhead expenses for the period were 30,000 apportioned to the processes on the basis of wages. There was no work in progress at the beginning or end of the period. Required:

Calculate the cost of output to be transferred to finished goods stock and the cost per litre.