Cool Air manufactures electrical fans. The assembly line is divided into 5 processes and the product goes through the processes before reaching final stage. Production is normally planned in such a way that there are hardly any incomplete units at the end of each shift. Workers stay for a few minutes and complete the units taken up at the beginning of the shift. The following are the details available on 1 January 2016. Opening Stock of Raw Material is 2.0 million Opening Stock of Finished Goods (3000 units) is 1.2 million During January 2016, stores issued materials worth 8.20 million to production shop. The production shop incurred expenses worth 4.40 million, which include salary to workers in the assembly line, power, repairs and maintenance and depreciation. The firm spends another 0.40 million towards support departments related to production like purchase department and quality control department. During the month, the production data shows that 32400 units were completed.closing stock consists of 5000 units. Compute the cost per unit of electrical fan produced in January 2016.
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