Intermediate. CW Ltd makes one product in a single process.

The details of the process for period 2 were as follows:

There were 800 units of opening work in progress valued as follows:

There were 500 units of closing work in progress, which were 100 per cent complete for material, 90 per cent complete for labour and 40 per cent complete for production overheads.
A normal loss equal to 10 per cent of new material input during the period was expected. The actual loss amounted to 180 units.
Each unit of loss was sold for £10 per unit.
CW Ltd uses weighted average costing.
Calculate the cost of the output for the period.
CIMA P1 Management Accounting: Performance Evaluation

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Material Labour Production overheads 98000 46000 7600 During the period 1800 units were added to the process and the following costs were incurred: Material Labour Production overheads 387 800 276320 149280