From the following details, prepare a statement of equivalent production and a statement of cost, and find the value of the following:

Output transferred Closing work-in-progress, by the average cost method Opening work-in-progress 2,000 units Materials (100% complete) Rs 7,500 Labour (60% complete) Rs 3,000 Overheads (60% complete) Rs 1,500 Units introduced into the process 8,000 There are 2,000 units in process and the stage of completion is estimated to be as follows:

materials—

100%, labour—50% and overheads—50%. 8,000 units are transferred to next process. The process costs for the period are as follows:

materials—Rs 1,00,000; labour—Rs 78,000; overheads—Rs 39,000.