Question-4: BSRM Ltd. is a reputed Steel and Engineering company in Bangladesh. The company follows process costing method in calculating the cost of product. In Department B conversion costs are incurred uniformly throughout the process. Materials are added following inspection, which occurs at the 90% stage of completion. Normal spoilage is discovered during the inspection and is expected to be 5% of good output. The following information related to department B for January: Particulars Units s Received from Department-A 12,000 84.000 Transferred to finished goods 9,000 Materials Ending inventory (70% complete) 2000 Cost incurred: 18,000 Labor and factory overhead 45,200 Requirements: (a) Determine the Physical and equivalent units of production for department- (b) Compute cost per unit and (c) Statement of evaluation / Assigrument of cost