Q: The Zee manufacturing company produces a single product which goes through one process only. The manufacturing cycle takes a month. The company started its manufacturing operation on 1st February, 2020 and costs of production for this month were as follows: Material Rs. 41,412; Labor Rs. 32,054; FOH Rs. 23,870 The production statistics for the month were as follow: Units completed and transfer to finished goods store Rs. 6,500 Unit in Process on February 28 2020 was 1,600 (Material 40%, Labor and FOH 20 per cent) . Requirement: Prepare the Cost of Production Report at the end of February, 2020