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Question - 10 Simplex Motor is engaged in the production of a standard type of electric motor. Production cost for April totaled Rs. 66,000. April
Question - 10 Simplex Motor is engaged in the production of a standard type of electric motor. Production cost for April totaled Rs. 66,000. April 1 inventories appeared as follows:- Motors in production (80% complete) 2,500 units Rs. 32,000 Motors on hand (completed) 1,200 units Rs. 19,200 During the month , 5,500 units were completed April 30 Inventories were: Motors in production (50% completed) 1,000 units Motors on hand (completed) 1,400 units The company uses the weighted average method for process costing and for the cost of goods sold REQUIRED: i) Cost of the ending work in process inventory ii) Cost of the ending finished goods inventory iii) The cost of goods sold
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