Reference no: EM132549287

For December 2018, the Production Control Department of AlicoPvt.Ltd. reported the following production data for Department 2:

Transferred in from Department 1........................................................ 60,000 litres

Transferred out to Department 3.......................................................... 40,000 litres

In process at end of December (with 1/2 labor and factory over­head).............................................................'....................................... 10,000 litres

All materials were put into process in Department 1. Lost units are considered as normal.

The Cost Department collected these figures for Department 2:

Rs.

Cost transferred in from Department 1 .......................................... 100,000/-

Labor cost in Department 2................................................................... 67,500/-

Applied factory overhead ..................................................................... 112,500/-

Required:

Question a. Find equivalent production units (EPU).

Question b. Find cost/ EPU.

Question c. Find cost of finished goods.

Question d. Find cost of work in process

Question e. What is stage of completion (SOC) of labor and FOH

Question f. A cost of production report for Department 2 for December 2018.Show all working clearly.