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solution pls Question 1: - The following is the condensed information from the records Dept. 2 of Shah Steel Mills, Karachi for the month of
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Question 1: - The following is the condensed information from the records Dept. 2 of Shah Steel Mills, Karachi for the month of December 2020. 9,000 units received from Dept.1 with total cost of Rs. 90,000 Cost incurred in Dept. 2: Direct Material 800,000 Labor 500,000 Factory overhead applied ( 90% of Direct Labor) Company completed 6,000 units in December 2020 and transferred to the next department .Units in process at the end of the month are in the following stage of completion. Material 70% Conversion 30% Required: Prepare cost of production report and give journal entries for Department 2. (7 Marks) Step by Step Solution
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