Q-3: Following data is pertaining to Assembly department. 8,000 Units beginning; All materials, 50% labor and overheads. Cost of beginning inventory: Materials Rs 3,984 2,148 2,148 Labor Overheads...

Extracted text: Q-3: Following data is pertaining to Assembly department. 8,000 Units beginning; All materials, 50% labor and overheads. Cost of beginning inventory: Materials Rs 3,984 2,148 2,148 Labor Overheads Units placed in process 40,000, costing; Materials Labor 24,000. 19,968 19,968 Overheads Units completed and transferred out 42,000. Units at end 6,000; all materials and 60% conversion cost. Required: Prepare a cost of production report by Average costing. Prepare a cost of production report by FIFO costing.