{"id":44751,"date":"2024-04-15T21:48:09","date_gmt":"2024-04-15T21:48:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=44751"},"modified":"2024-04-15T21:48:09","modified_gmt":"2024-04-15T21:48:09","slug":"process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2\/","title":{"rendered":"&#8220;Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. If 11,750completed units were transferred out, what was the closing inventory in Process B?&#8221;"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs 6562.50&#8243; option2=&#8221;Rs 12,250.00&#8243; option3=&#8221;Rs 14,437.50&#8243; option4=&#8221;Rs 25,375.00&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. Rs 6562.50.<\/p>\n<p>The cost of the materials transferred in is 13,500 units x Rs 4.50 per unit = Rs 60750.<br \/>\nThe cost of the additional materials added in process is 13,500 units x Rs 1.25 per unit = Rs 16875.<br \/>\nThe cost of the labour and overheads is 11,750 units x Rs 6.25 per unit + 1750 units x Rs 2.50 per unit = Rs 83125.<br \/>\nThe total cost of the units transferred out is Rs 60750 + Rs 16875 + Rs 83125 = Rs 160750.<br \/>\nThe cost of the units in the closing inventory is 13,500 units x Rs 4.50 per unit + 1750 units x Rs 1.25 per unit + 1750 units x Rs 2.50 per unit = Rs 6562.50.<\/p>\n<p>Option B is incorrect because it is the cost of the units transferred out.<br \/>\nOption C is incorrect because it is the cost of the materials transferred in plus the cost of the additional materials added in process.<br \/>\nOption D is incorrect because it is the total cost of the units transferred out plus the cost of the units in the closing inventory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs 6562.50&#8243; option2=&#8221;Rs 12,250.00&#8243; option3=&#8221;Rs 14,437.50&#8243; option4=&#8221;Rs 25,375.00&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-44751","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. If 11,750completed units were transferred out, what was the closing inventory in Process B?&quot;<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. If 11,750completed units were transferred out, what was the closing inventory in Process B?&quot;\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs 6562.50&#8243; option2=&#8221;Rs 12,250.00&#8243; option3=&#8221;Rs 14,437.50&#8243; option4=&#8221;Rs 25,375.00&#8243; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T21:48:09+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\"Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. If 11,750completed units were transferred out, what was the closing inventory in Process B?\"","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2\/","og_locale":"en_US","og_type":"article","og_title":"\"Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. If 11,750completed units were transferred out, what was the closing inventory in Process B?\"","og_description":"[amp_mcq option1=&#8221;Rs 6562.50&#8243; option2=&#8221;Rs 12,250.00&#8243; option3=&#8221;Rs 14,437.50&#8243; option4=&#8221;Rs 25,375.00&#8243; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T21:48:09+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2\/","url":"https:\/\/exam.pscnotes.com\/mcq\/process-b-had-no-opening-inventory-13500-units-of-raw-material-were-transferred-in-at-rs-4-50-per-unit-additional-material-at-rs1-25per-unit-was-added-in-process-labour-and-overheads-were-rs-6-2\/","name":"\"Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. 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