Q-3: Following data is pertaining to Assembly department. 8,000 Units beginning; All materials, 50% labor and overheads. Cost of beginning inventory: Materials Labor Overheads Rs 3,984 2,148 2,148 Units placed in process 40,000, costing; Materials 24,000. Labor 19,968 Overheads 19,968 Units completed and transferred out 42,000. Units at end 6,000; all materials and 60% conversion cost. Required: Prepare a cost of production report by Average costing. Prepare a cost of production report by FIFO costing.