Lab Гон Given the following information about the Process P of Teena PLC. Teena PLC uses FIFO costing method Units Openi

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Lab Гон Given the following information about the Process P of Teena PLC. Teena PLC uses FIFO costing method Units Openi

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Lab Гон Given the following information about the Process P of Teena PLC. Teena PLC uses FIFO costing method Units Opening WIP (70% complete) 500 Cost of Op. WIP (70%) Mat 18000 Units satrted 4000 14000 Units completed & Transterred Out to Process Q 1000 18000 Abnormal loss (on 40% completion) 200 50000 Normal Loss at the end of process) Closing WIP (80% complete) 200 Material Labour Costs added (S) 180000 140000 180000 500000 Material is added on 60% completion of the process while Labour and FOH are added evenly throughout the process. 100 FOI! Total
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