A firm operates a process, the details of which for the period were as follows.There was no
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A firm operates a process, the details of which for the period were as follows.There was no opening work in progress.During the period 8 250units were received from the previous process at a value of R453750,labourand overheads were R350 060 and material introducedwasR24750. At theendoftheperiodthe closing work in progress was 1600 units, which were 100% complete in respect of materials, and 60% complete in respect oflabourand overhead. the balance of units was transferred to finished goods.
Cost of completed production is?
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