Jagriti Engineering is involved in the manufacture of domestic Invertors. The company follows process costing system.As on April 1, there were 400 units in WIP inventory, which were 40% completion.

The WIP was valued as

Material cost Rs. 3600

Labour 3400

Overheads 1000

TOTAL COST 8000

Materials worth Rs.75,000 were purchased in the month of April. During the same time, labour cost and overheads were respectively, Rs.79,800 and Rs.21,280. The value of material actually issued to production was Rs.68,500. In April, the stock of Finished goods was 2500 units. As on 30 April, there were 500 units in work-in-process inventory, 60% complete a s to conversion cost and 80% complete a s to materials.

What would be the selling price to be quoted for an order supply of 2000 units during April, assuming an expected margin on sales at 20%.

Also, prepare the statement of equivalent production (units).