Production in a manufacturing company passes through three distinct processes I, II and III. The output of each process is transferred to the next process and the output of Process III is transferred to the fi nished goods stock. The normal wastage in each process and the realizable value of the same are given as follows:

Process I was fed with 40,000 units of input costing Rs. 3,20,000. There was no opening or closing WIP.
Prepare the process accounts for the month.

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Process % of Normal Waste Related to Input Realizable Value Per Unit 5 Re 0.70 7 10 Re 0.80 Re 1.00 The details of cost data and output for a month are as follows: