A product passes through three processes I, II & III.

From the following information prepare the process accounts assuming that there were no opening or closing stocks.

Transcribed Image Text:

Process I Process II Process III Rs. Rs. Rs. Materials 1,000 1,500 500 Labour 5,000 8,000 6,500 Overheads 1,050 1,188 2,009 Actual output (units) 9,500 9,100 8,100 Normal loss 3% 5% 8% The wastage of Process I was sold at 25 paise per unit, that of Process II at 50 paise per unit and that of Process III at Re 1 per unit. Raw materials of 10,000 units were introduced into Process I in the beginning at a cost of Re 1 per unit.