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11 1. A product passes through three processes. The output of each process is treated as the raw material of the next process to which

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11 1. A product passes through three processes. The output of each process is treated as the raw material of the next process to which it is transferred and output of the third process is transferred to finish stock. MAN Material Used Labor Manufacturing Overhead Ist Process 40,000 6,000 10,000 2nd Process 20,000 4,000 10,000 3d Process 10,000 1,000 15,000 10,000 units have been issued to the first process and after processing, the output of each process is as under: Output Normal Loss 1" Process 9750 2% 2nd Process 9400 5% 3d Process 8000 10% I No stocks of materials or o work in processes was left at the end. Calculate the cost of the finished articles

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