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During the month of August 2019, the Beta Corporation used Rs. 50,000 of raw material. The mixing department used 12,000 labor hours at a cost
During the month of August 2019, the Beta Corporation used Rs. 50,000 of raw material. The mixing department used 12,000 labor hours at a cost of Rs. 30,000 and finishing department used 2.000 labor hours at cost of Rs. 9.00 per hours. Factory overhead is applied at the rate of Rs. 3.30 per hours in the mixing department and Rs. 4 per hours in the finishing department. The Corporation produced 25.000 units of product during the month. Rs. Description Inventories on August 1st, 2019: Raw materials Material-in-process Labor-in-process F.O.H-in-process Finished goods Inventories on August | 31st, 2019: 16,000 6.000 6,500 7.200 12,400 2 Raw materials Material-in-process Labor-in-process F.O.H-in-process Finished goods 18.000 7.000 5,000 6,000 14,000 . Required (15 Marks) A schedule showing the cost of goods manufactured and the cost of goods sold. Calculate per unit cost of materials, labor and overhead for the August 2019 production
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