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There was a minor mistake in calculation in gdb of mgt402 .please make it correct and thanks a lot to all those people who told me about this.
YEAH,dear muskan arzo.u r rite,i am totally agrred with you .pls check this one and tell me about this
The still in processunits were completed 100 % as per direct material and for conversion cost
THERE WILL BE 2700 UNITS STILLIN PROCESS
SO IT WILL BE AS
20% (2700*20%)ofUnits were 40 % completed=2700*20%*40%=216UNITS
30% (2700*30%)ofUnits were 20 % completed=2700*30%*20%=162UNITS
Balance(2700*50%)ofthe Units was 30 % completed=2700*50%*30%=405UNITS.
TOTAL=783UNITS STILL IN PROCESS OR CLOSING INVENTORY
OR IT CAN BE AS
20 % of Units were 40 % completed=0.2*0.4=0.08
30 % of Units were 20 % completed=0.3*0.2=0.06
Balance of the Units was 30 % completed. =0.5*0.3=0.15
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