Opening Work-in-progress 10,000 units,80% complete as regards material and 60% complete as regards labour and overheads. Units introduced during the year is 20,000 units. During the current period 18000 units completed and obtained from the process. At the end of the period there were closing WIP of 12000 units which are 90% complete as regards materials and 80% as regards labour and overheads. Other details: Cost of 20,000 units introduced in current period is $2,08,000 Labour and Overheads cost $1,08,000 Cost of Opening WIP $138200 ($94000 materials and $43800 Labour and Overheads. Prepare Statement of Equivalent Production, Statement of Cost per unit and Statement of Valuation using FIFO method