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Q-3. Metro Manufacturing Co Ltd produces a Mango Juice and uses process costing. The cost incurred by the bottling department during the month of January 2021 was as follows: Direct material cost Rs. 9,000 Direct labor cost Rs. 4,250 Factory overhead Rs. 5,100 The quantity schedule provided the following information; Units received from Mixing department 20,000 @ Rs.2.0 each (Previous Department) Units completed and transferred 15,000 Units still in process 4,000 Units in process were 50% complete as Material and 75% as to Labor and FOH. Required: Prepare a cost of production report (all 4 sections) for the bottling department for the month of Jan 2021Step by Step Solution
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