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KLM Industries Limited uses a process cost system of their process, the following data relates to the process No. 2. 8,000 Units received from previous
KLM Industries Limited uses a process cost system of their process, the following data relates to the process No. 2. 8,000 Units received from previous department costing Rs. 840,000 1500 units are in process at the end ( 40% complete as to material and 50% as to conversion cost) 2,000 units are in process at the start ( 60% complete as to material and 70% as to conversion cost) that costs Rs. 500,000 Cost added by process 2: Direct material Rs. 513,500, Direct labour Rs. 902,750 and FOH Rs. 628,000
Compute the amount of EPU for material, labour and FOH is
Compute Total per-unit cost.
Compute the Cost of units completed and transferred out.
Compute the Cost of work in process ending.
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