The financial accounting records are used to de expended for a unit in work in progress is half that of a completed unit. The draft accounts show the following materials and direct labor cost in inventory termine the overhcad cost, and this is applied as a on the direct labour cost. For direct labour cost, you have agreed that the labour " Question # 1: centage based Material Direct labour Raw material 786,740 WIP 92,685 13,082 Finished goods 125.963 46,594 The cost incurred in April, as recorded in the financial accounting records were as follow: Rs. Direct labour Selling cost Depreciation Distribution cost Factory mangers cost Other production overheads Purchasing and accounting cost relating to production Other accounting cost Administration overheads 68,012 55,430 9,440 7,560 2,560 34,920 4,550 7,260 42,760 For calculations assump that all work-in-process and finished goods were produced in April 2006 and that the company was operating at a normal level of activity. Required: Calculate the value of overheads which should be added to work-in-process and finished goods in accordance with lAS-2