The following information relates to the manufacture of widgits by Reliant Products in 1983:

Opening stock: 600 units valued at £1200 Degree of completion, 40 per cent Production costs incurred: £54300 Goods produced and fully completed: 10000 units Closing stock: 1000 unit s, 50 per cent complete

(a) Calculate the cost of the closing stock ofsemi-compl ete goods and the cost of the fully completed good s;

(b) Prepare the relevant ledger accounts to record the cost flows.