Question 5 Following information is available regarding Process A for the month of October 2013 Production Record: 40.000 Units (i) Opening work-in progress (Material: 100% complete, 25% complete for labour& overheads) (ii) Units Introduced (iii) Units Completed 1,80,000 Units 1,50,000 Units 70,000 Units (iv) Units in-process on 31.10.2013 (Material: 100% complete, 50% complete for labour& overheads) Cost Record: Opening Work-in-progress: Material 1,00,000 25,000 45,000 Labour Overheads Cost incurred during the month: Material Labour Overheads Assure that FIFO method is used for W.J.P. inventory valuation. Required: 6,60,000 5,55,000 9,25,000 (a) Statement of Equivalent Production (b) Statement showing Cost for each element (c) Statement of apportionment of Cost (d) Process- A Account