Question

Parul Ltd. produces patent materials used in building construction, the manufacture of which

involves three processes. The material is produced in three consecutive grades namely soft,

medium and hard. Figures relating to production for the first six months of 2020 are as

follows:

Process I Process II Process III

Raw materialintroduced (tons) 1,000

Cost of material per ton (Rs) Rs.200

Manufacturing wages and Expenses (Rs) 72,500 40,800 10,710

Weight lost ( Normal) 5% 10% 20%

Scrap sold at Rs.50 per ton 50 tons 30 tons 51 tons

Transferred to the next process Two-third of

output

One-half of

output

Nil

Transferred to warehouse for sale One-third of

output

One-half of

output

100%

You are required to prepare process accounts showing clearly cost per ton at each process.​

Answer 1

Answer:

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