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Barley Ltd produces a certain food item in a manufacturingprocess. On 1st November there was no opening stock in process.During November, 700 units of material were put in to process, witha cost of Rs, 20,000. Direct labor cost in November was Rs.15;000. production overhead is absorbed at the rate of 300% of directlabor costs. Closing stock on 30th November consisted of 200 units which were 100% completed as to materials and 80% completed as tolabor and over head.

Required: Calculate the quantity of units completed and transfer-out.

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Accounting Basics, Accounting

Category:- Accounting Basics
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