Question 17 Not yet answered Marked out of 1 P Flag question In process A, the opening stock was 1,000 units which were 60% complete at a cost of OMR 2,000. 4,000 units were introduced during the process. The cost incurred during the process is Material OMR 29,750 and labour OMR 20,500. 4,500 units were completed and 500 units were remained in the process as closing work in progress. The completion for units remained in process is 70% complete for material and 40% for labour. If FIFO method is used for preparation of process account, cost per equivalent unit for material and labour will be: a. Material OMR 7.09, Labour OMR 3 b. None of these O c. Material OMR 7.09, Labour OMR 4.09 O d. Material OMR 7, Labour OMR 5