Question 5 A company produces a certain food item in a manufacturing process. On 1st November, there was no opening inventory of work in process. During November, 600 units of material were input to the process, with a cost of MVR10,000. Diredt labour cost in November were MVR4,450. Production OH is absorbed at the rate of 200% of direct labour costs. Closing inventory on 30 November consisted of 200 units which were 100% complete as to materials and 80% complete as to labour OH. There was no loss in process. a) Calculate the full production cost of completed units during November. b) Calculate the value of closing WIP on 30 November