Th e following information relates to the second and final stage in the production pro cess for Cawdor Engineering for 1983.

Open ing stock : 1000 unit s valued at £5000 Degree of completion:

Materials 50%

Labour 20%

Overheads 10%

Transfers from previous process : 12000 units at £2 each Additional production costs:

Direct materials Direct labour Production overheads Closing stock : 2000 units Degree of completion:

Materials Labour Overheads Assume tha t the transfers from the previous process are introduced immedia tely into the current process and that no closing stock of unuti lised transfers remained.

(a) Calculate the cost of compl eted good s and the value of work-in-progress at the end of the year.

(b) Prepare the ledger acco unts to record the flow of accounting information through the final production process.