1. The following details pertains to Process I for the month of July 2022 (i) Opening w-i-p 8,000 units Degree of completion Materials 100% Cost Rs. 36,000 Labour 50% Cost Rs. 28,800 Factory overhead 50\% Rs.21, 600 (ii) Received during the month 80,000 units at a total cost of Rs.400000 (iii) Expenses incurred during the month Additional materials Rs. 158,000 Labour Rs. 223700 Factory overheads Rs. 180400 (iv) Closing w-i-p 4000 units Degree of completion Materials 90% Labour and Overheads 30\% (v) Units scrapped 4000 units Degree of completion materials labour and overheads 100\% Normal loss 5% of current input +opening w-i-p (vi) Scrap value per unit Rs.5