You are given the cost records of PQR manufacturing company which manufacture a specialised equipment against customer's order. OMR Raw material - Opening 15,000 Purchase of material 14,000 kgs@ 2 per kg- 28,000 Carriage on purchase 600 Raw material closing 6,000 Opening stock of WIP 2,500 Closing stock of WIP 2,800 Direct labour Raw material - Opening 15,000 Purchase of material 14,000 kgs@ 2 per kg- 28,000 Carriage on purchase 600 Raw material closing 6,000 Opening stock of WIP 2,500 Closing stock of WIP 2,800 Direct labour cost 22,000 Depreciation: Factory building 400 Office building 300 Salary Factory manager Salary Factory manager 1200 Office manager 1,500 Other factory overheads 2,600 Other office overheads 1,600 Finished goods: Opening 5,800 Closing 2,500 Selling and distribution overheads 10% of cost of goods sold Selling price is determined at 12% on sales Units produced Selling and distribution overheads 10% of cost of goods sold Selling price is determined at 12% on sales Units produced - 500 units Required: a. Prepare a statement of cost showing clearly cost incurred at different stages of production and sale . Also calculate profit and sales price per unit. 7 Marks Consider opening work in progress in process II -5000 units - 35% comnlete: Units completed in Q2. Consider opening work in progress in process || -5000 units - 35% complete; Units completed in process-II - and transferred to next process is 5500 units; Closing work in progress - 2800 units 40% complete. Assuming normal loss and abnormal loss as nil calculate: 1.5 a. Input into the process II( in units) Marks b. Equivalent units as per FIFO. 1.5 Marks 1 A B 1 != =