3,84,000 (1) Factory Overheads P X 4,64,000 Rs. 3,07,200 5,80,000 96,000 Q x 4,64,000 Rs. 76,800 5,80,000 64,000 R X 4.64.000 Rs. 51,200 5,80.000 36.000 R 4,64,000 Rs. 28,800 5,80,000 p36 480 (2) Incremental Sales - Sales - Joint Costs = = = A 14,08,000 - 8,80,000 Rs. 5,28,000 B 9,60,000 - 8,80,000 Rs. 80,000 3,20,000 - 2,00,000 Rs. 1,20,000 Illustration: 5 The following information is given in respect of process No.3 for the month of Jan. 2003 Opening Stock - 2000 units made-up of Direct Materials - I Rs. 12,350 Direct Materials - II Rs. 13.200 Direct Labour Rs. 17,500 Overheads Rs. 11,000 Transferred from process No.2 : 20,000 units @ Rs. 6 per unit Transferred to process No.4: 17,000 units Expenditure Incurred in process No. 3: Direct Materials Rs. 30,000 Direct Labour Rs. 60.000 Overheads Rs. 60,000 Additional Information (1) Scrap : 1,000 units - Direct Materials 100%, Direct Labour 60%, Overheads 40% (2) Normal Loss 10% of production (3) Closing stock : 4,000 Units - Degree of completion : Direct Materials 80% Direct Labour 60% Overheads 40% Prepare process No. 3 Account using Average Price Method, along with necessary supporting statemer