Particulars Unit (ltres) Amount Particulars Unit (litros) Amount To opening work-in 300 3,240 By finished goods 20,000 +5,05,002 process inventory inventory account (transferred to) To cooking process A/C 20,100 2.89,470 By work-in-process 400 8.088 (transferred from) To materials 76,380 To labour 80.000 To overheads 64.000 20,400 5,13,090 20,400 5.13,090 P.14.8 RST Ltd. manufactures plastic moulded chairs (for kids). Three models of moulded chairs, all variation of the same design are standard, deluxe and executive. The company uses an operation cost- ing system. RST Ltd. has extrusion, form, trim and finish operations. Plastic sheets are produced by the extrusion operation. During the forming operation, the plastic sheets are moulded into chair seats and the legs are added. The standard model is sold after this operation. During the trim operation, the arms are added to the deluxe and executive models and the chair edges are smoothed. Only the executive model enters the finish operation, in which padding is added. All of the units produced received the same steps within each operation. In April, units of production direct material cost incurred are as follows: j31 Units Extrusion Form Trim Finish produced materials materials materials materials Standard model 10,500 1,26,000 142,000 TO To Deluxe model 5,250 63,000 21,000 15,750 0 Executive model 3,500 42,000 14,000 10,500 21,000 19,250 2,31,000 77,000 26,250 21,000 The total conversion costs for the month of April, are: Extrusion operation Form operation Trim operation Finish operations Total conversion costs 26,06,375 2,97,000 21,55,250 194,500 REQUIRED: (i) For each product produced by RST Lid during April, determine the unit cost and the total cost. (11) Now consider the following information for May. All unit costs in May are identical to the April unit costs calculated as above in (). At the end of May, 1,500 units of the Deluxe model remain in work- in-progress. These units are 100 per cent complete as to materials and 65 per cent complete in the trim operation. Determine the cost of the Deluxe model work-in-process inventory at the end of May