In a given period production and cost data were as follows:
Total Costs Materials Rs. 5,115
Labour 3,952
Overheads 3,000
Rs. 12,067
Production was 1400 fully done units and 200 partly done. The degree of completion of the 200 units W-I-P was as follows
Material 75% done
Labour 60% done
Overheads 50% done
Requirement: Measure the total equivalent production, the cost per complete unit and the value of the W-I-P.