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The following particulars are extracted from the books of Y Ltd for the month of August: Opening stock of WIP 200 units Degree of completion:

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The following particulars are extracted from the books of Y Ltd for the month of August: Opening stock of WIP 200 units Degree of completion: Materials 100% Labour 40% Overheads 40% Units introduced in August 1,050 Completed units in August 1,100 Closing WIP (units) 150 Degree of completion: Materials 100% Labour 70% Overheads 70% Prepare a statement of equivalent production

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