Rs. Question - 4 Given below is November's unit and cost data for a manucfacturing firm that uses FIFO costing. Department 2 Beginning units in process ( 55% direct materials, 15% conversion costs) 135,000 Work in process inventory - beginning Rs. 472,500 Units transferred in during the period 420,000 Costs transferred in this period 588,000 Costs added during this period Direct materials Rs. 812,700 Direct Labour 676,260 Factory overhead 487,305 Units transferred out to finished goods inventory godown 430,000 Ending units in process (25% direct materials, 70% conversion costs) 125,000 Required [B,98R,95R] A] Calculate the equivalent units for direct materials and conversion costs. B] Prepare the COST ACCOUNTED FOR section of the cost of production report for department 2. Question - 5 Cost of production report: A company's Department 2 costs for June were; Cost from Department 1 ...Rs. 16,320 Cost added in Department 2: Materials 43,415 Labor 56,100 Factory overhead 58,585 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete at to conversion cost. [MU:E1)=[B,03] Assume Any Method of your choice (FIFO or Weighted Average) REQUIRED: a) Equivalent Production Unit b) c) Cost of Units transferred to Finished goods d) Unit Cost at Depart 2, Cost of Work in Process at the end of June