Q.3. The following information's was taken from the records of Faisal Manufacturing Co. for the month of January 2006.

1. Cost of units in process on Jan 01, 2006 Rs. 30,000.

2. Cost of raw material used Rs. 81,400.

3. Direct Labour Cost incurred Rs. 64,800.

4. Factory Overhead cost incurred Rs. 43,200. The data extracted from the production report relating to above process is as for follows.

1. Units in process at end of January 2006. 3,000 Units (60% completeas to Material and 80% complete as to conversion cost)

2. Units placed in production during the month. 13,000 Units.

3. Units in process on January 01, 2006. 5,000 Units (40% completeas to material and 60% complete as to conversion cost)

Required: i. Equivalent production during the month. ii. Unit Cost. iii. Cost of units completed iv. Cost of ending inventory of Goods in Process. v. Journal entries to records cost allocated to production and cost of goods completed during the month.

NOTE: using simple weighted average method