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please help Problem 8.20 The following information is given is respect of Process No. 3 for the month of March 2012. Opening stock 2,000 units,
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Problem 8.20 The following information is given is respect of Process No. 3 for the month of March 2012. Opening stock 2,000 units, made up of: Direct Material -1 $12,350 : Direct Material - 11$13,200 : Direct Labour $17,500 : Overheads $11,000. Transferred from Process No. 2: 20,000 units @ per unit. Transferred to Process No. 4: 17,000 units. Expenditure incurred in Process No. 3: Direct Materials $3000 Direct Labour $60,000; Overheads $60000 Scrap: 1,000 units - Direct Materials 100%; Direct Labour 60%; Overheads 40%. Normal Loss 10% of production, Scrapped units realized {4 per unit. Closing Stock: 4,000 units - Degree of completion : Direct Material 80%; Direct Labour 60% and Overheads 100% Prepare Statement of Equivalent Production, Statement of Cost per unitStep by Step Solution
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