the following data are applicable to process a for january 2013 of silva ltd 455733

The following data are applicable to process A for January 2013 of Silva Ltd. Opening work in progress as at 01st January: 400 Units @ Rs. 4.00 per unit. Degree of completion: Materials 100%, Labour and Overhead 40%. Inputs introduced during the month: 1,500 units. Outputs transferred to the next process: 1,450 units. Closing work in progress as at 31st January: 300 units. Degree of completion: Material 100%, Labour and Overhead 70%. Normal process loss is 10% of the input during the period. Other relevant information regarding the process is: Materials Rs. 3,500 LabourRs. 4,500 OverheadRs. 2,500 Required: 1.Prepare the statement of production, cost and evaluation using FIFO method. 2.Prepare the process account for process A for the month of January.??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????