The following information was taken from the books of Memon

The following information was taken from the books of Memon Manufacturing Company for the month of January 2021

Cost of Units in process at beginning: January 1, 2021                             Rs.       120,000

Cost of Raw Material used                                                                                        111,000

Direct Labour cost incurred                                                                                       86,400

Factory Overhead Cost incurred                                                                                72,000

The data extracted from the production report relating to above process are as follows:

Units in process at beginning of January

(40% complete as to material and 60% complete as to conversion cost)          2,500 units

Units placed in production during January                                                            6,500 units

Units in process at end of January 31

(60% complete as to material and 80% as to conversion cost)                           1,500 units.

Required:

1. Number of Units completed and Transfered out 
2. Equivalent Production Unit as per Material 
3. Equivalent Production Unit as per Conversion Cost 
4. Total Unit Cost                                         
5. The Total cost of Unit completed and transfered out            
6. The Cost of Work in process at end.   
7. While reconciliation Total of either Debit or Credit Work in Process Account