5. Pencil Processing Ltd produces pencils which go through two processes. The data for the month just ended are: Assume a normal loss of 5% in Process 1 but no loss in Process 2, show the entries in Process I Account & Process 2 Account Process 1: Kg Materials No. 20,000 Labour & Overheads & 201 8,000 10,000 Process 2: Packaging (Materials) 10,000 Labour & Overheads 6,000 Note: There was no work in progress at the month end