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Q.2:- Baykaar Manufacturing Company (BMC) uses a process cost system. The details for Department-II for the month of May, 2019 were as follows. Costs

 

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Q.2:- Baykaar Manufacturing Company (BMC) uses a process cost system. The details for Department-II for the month of May, 2019 were as follows. Costs "Rs." in million Units Cost from dept-I Materials Labour Factory Overhead Additional Information:- 20,000 Received from previous dept 21,620 Units still in process (60% 8,740 6,440 completes in all respects) Lost units accounted for during the process were 10% of input into the process. 5,000 1,000 Upon inspection by the quality control supervisor, it was revealed that Normal Loss usually accounts for 5%. Required:- Quantity Schedule for the department-II of BMC. Equivalent production units schedule. Cost of units completed & transferred. Cost of WIP still in process Process Account for department-II of BMC.

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