12) ABC's inventory at the end of the period consists of 3000 units. 100% of material is supplied at the beginning of the period. However, Henry, the production manager estimates that these units are only 60% complete with respect to direct labour and production overhead. The cost per equivalent unit is Rs. 60 for material and Rs. 90 for conversion costs. What is the value of closing WIP?
1.Rs. 450000
2.Rs. 342000
3.Rs. 270000
4.Rs. 630000
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630000 please your answer
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