question 1

Altaf Manufacturing Corporation work in process inventory at start consisted of 10,000 units, 100% complete as materials cost and 40% complete as to conversion costs. The total cost in the beginning inventory was Rs. 30,000. During June, 50,000 units were transferred out. The equivalent unit cost was computed to be Rs. 2.00 for materials and Rs.3.70 for conversion costs under the weighted-average method.

The total cost of the units completed and transferred out was: