Question:A company manufactures a product which involves two processes,namely, pressing and polishing.

For the m

Pressing Polishing
Opening Stock
Inputs of unit in process 1200 1000
Units completed 1000 750
Unit under process 200 250
Material Cost Rs.69000 Rs.17500
Conversion Cost 328500 82500
For incomplete unit in process, charge material costs at 100% and conversion costs at 60% in the p
polishing process. Prepare a statement of cost and calculate the selling price per unit which will re

Pressing Polishing
Material Cost 69000 17500
Add Conversion Cost 197100 41250
Total Cost 266100 58750
Selling price 88700 19583
No. of Units 1000 750
Per Unit 88.7 26.11
ng and polishing. For the months of January, thefollowing information is available:

n costs at 60% in the pressing process and 50 % in the

e per unit which will result in 25 % on the sale price.