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A company makes a product that passes through two production processes. For the week ended December 31,2012 , details of production were as follows: Scraps

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A company makes a product that passes through two production processes. For the week ended December 31,2012 , details of production were as follows: Scraps can be sold for $0.75 in Process 1 and Process 2 Required: A. Process 1 Account. ( 6 marks) B. Process 2 Account. (10 marks) C. Abnormal loss or abnormal gain account for the period. (4 marks)

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