Following details are related to the work done in Process 'A'XYZ Company during the month of March, 2011: (Rs.) 80,000 15,000 45,000 Opening work-in progress (2,000 units) Materials Labour Overheads - Materials introduced in Process 'A' (38,000 units) Direct Labour Overheads Units scrapped: Degree of completion: Materials Labour and overheads 3,000 units 100% 80% 2,000 units Closing work-in progress: Degree of completion : Materials 100% Labour and overheads 80% Units finished and transferred to Process 'B': 35,000 units Normal Loss: 5% of total input including opening work-in-progress. Scrapped units fetch Rs.20 per piece. You are required to prepare: (i) Statement of equivalent production (ii) Statement of cost (iii) Statement of distribution cost, and (iv) Process 'A' Account, Normal and Abnormal Loss Accounts. 14,80,000 3,59,000 10,77,000