[mno.TUTISTATAITY Q. NO. 3 The Ceoton Pharmaceuticals Limited produces Diabetic Tablet in two departments: Department M and Department F. The company uses average costing. Following information is available for the monthof January, 2017: Units: Department M Department F Beginning units in process 60,000 140,000 Units started in process 420,000 Units received from preceding department 360.000 Ending units in process 40,000 80,000 Units transferred to finished goods 380,000 Spoiled units: Normal 60,000 30,000 Abnormal 20,000 10,000 Costs: Tk. Tk. Work in process, beginning: From preceding department 62600 Materials 18000 41000 Labour 28000 115200 Overhead 4720 23040 Added during January, 2017: Materials 150000 100000 Labour 200000 400000 Overhead 50000 80000 Additional information: Materials are applied at the beginning of each department, conversion costs are applied throughout the process. Department M: Units are inspected at the end of the process. Work-in-process at the end was 40% complete. Department F: Units are inspected and spoiled units were discovered at 40% stage of completion at the end of the process. Work-in-process at the end was 80% complete. Requirement: Prepare a cost of production report using average cost method in standard format (with calculation of physical and equivalent unit, cost per equivalent unit and assignment of cost)