please solve this problem. from the following information relating to kkn co ltd.prepare process cost account for process 3 for the year 2008. op stock in process 3 is 5000 units of 36000/-. transfer from process 2 is 213000units of 827000/-. direct material added in process 3 is 401800/-. production overhead 99050/-. direct wages 198100/-. units scrap 11000units. transferred to process 4 is 189000units. closing stock 18000 units. degree of completion:
op stock cl stock scrap
material 70% 80% 100%
labour 50% 60% 80%
overhead 50% 60% 80%
there was a normal loss of 5% production & unit scraped were sold at 1.50/-.
CAclubindia
