Required:

 a) Prepare a process cost report

 b) Prepare a cost statement 

 c) Prepare a Cost allocation Statement  

Assume the following Information for August 2023 Material is added at the beginning of Process 2 when the input is received from process 1. Conversion costs are incurred continuously and evenly in the process. Units: Opening Inventory of incomplete units Units received from process 1 Units Completed Closing inventory of incomplete units 9100% complete in materials, 60% complete in conversion costs Costs Transferred from process 1 Direct Materials Direct Labour Overheads applied (50% of direct labour) Units 0 30 000 25 000 5 000 R 60 000 30 000 14 000 7 000