Q-4 Process costing The following information pertain to the goods in process in fourth process during the month of July Beginning of goods in process, inventory July 1 Rs. 487,000 Cost of units transferred in form the third process. 350,000 Manufacturing cost incurred in July, Raw material used 140,000 Direct Labour 280,000 l'actory Overhead 210,000 Production Report, of fourth process for July: Units ir process July 1 (100% Direct Material, 75% conversion Cost) Units transferred in from the third process during July Units completed and transferred to finished goods store Units in process July 31 (100% Direct Material, 50% conversion Cost) Required: Cost production report 40,000 units 70,000 90,000 20,000