Intermediate: Preparation of process accounts with all output fully completed A chemical compound is made by raw material being processed through two processes. The output of Process A is passed to Process B where further material is added to the mix. The details of the process costs for the financial period number 10 were as shown below:

(i) Process A, (ii) Process B, (iii) Normal loss/gain, (iv) Abnormal loss/gain, (v) Finished goods, (vi) Profit and loss (extract).

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Process A Direct material 2000 kilograms at 5 per Direct labour Process plant time kg 7200 140 hours at 60 per hour