From the following particulars, prepare the following in the books of X Ltd.

I] Statement of equivalent production

II] Statement of apportionment of cost

III] Process Account

A] Opening stock as on 1st August: 200 units @ Rs. 4 per unit

B] Degree of completion: Materials 100%, Labor and Overheads: 40%

C] Units introduced during August: 1,050 units

D] Output transferred to the next process: 1,100 units

E] Closing stock: 150 units

F] Degree of completion: Materials 100%, Labor and Overheads: 70%

G] Other relevant information regarding the process,

• Materials: Rs.3,150
• Labor: Rs.4,500
• Overheads: Rs.2,250