Prepare a statement of equivalent production, statement of cost, process account from the following information using the
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Prepare a statement of equivalent production, statement of cost, process account from the following information using the average method:
During the period 60,000 units were completed and transferred to Process II.
Closing stock 40,000 units, degree of completion.
Transcribed Image Text:
Opening Stock Material Labour Overhead Units Introduced Material Wages Overhead 20,000 units Rs. 10,000 Rs. 4,000 Rs. 5,000 Rs. 80,000 units. Rs. 40,000 Rs. 31,000 Rs. 30,000
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I am a recent graduate of Maseno University, where I earned a Bachelor of Science degree in Chemical Engineering. During my studies, I developed a strong knowledge base in chemical engineering principles, including chemical reaction engineering, fluid mechanics, and thermodynamics. I also gained extensive experience in laboratory techniques and process engineering.
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