Question 1 A. Manchester Limited makes security alarms. At the beginning of March, following demands from shops over the summer period, there is no opening work in progress. The cost of production during March was as follows: Direct material 10 725 Direct labour 6 600 Production overhead 3 900 Security alarms completed 2 750 Security alarms in progress 500 Work in progress is complete regarding materials but is 50% complete as it relates to direct labour and production overheads. i. Complete the schedule below to calculate the cost per security alarm for the first month of production. (7 marks) ii. Calculate the month-end valuation for work in progress. (3 marks) Cost Elements Costs Completed Work In- Progress Total Cost WIP Units Units complete Equivalent Equivalent Per Valuation % Units Units Unit B D E F G A/F S H ExG $ $ CxD B+E Direct material Direct labour Production overhead Total