A company manufactures a product which involves two processes, namely, pressing and polishing. For the months of January, the following information is available:
- Pressing Polishing
- Opening Stock
- Inputs of unit in process 1200 1000
- Units completed 1000 750
- Unit under process 200 250
- Material Cost Rs.69000 Rs.17500
- Conversion Cost 328500 82500
For incomplete unit in process, charge material costs at 100% and conversion costs at 60% in the pressing process and 50 % in the polishing process. Prepare a statement of cost and calculate the selling price per unit which will result in 25 % on the sale price.