At the end of a period for a particular process the total costs incurred are : materials
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At the end of a period for a particular process the total costs incurred are :
materials £20,000 , labour £25,000 , overheads £15,000. At the end of the period there are 12,000 completed units and 4,000 units in work in progress.
The 4,000 units are 75% complete materials, 50% complete labour and 25%
complete overheads. Calculate the value of the completed units and the work in progress.
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