A company manufactures a product that requires two separate processes for its completion. Output from Process 1 is immediately input to Process 2. The following information is available for Process 2 for the month of February: i) Opening work in progress (Kgs) 12,000 units: 90% complete as to materials, 50% complete as to conversion costs. ii) Opening work in progress value Process 1 output: Kshs 134,400 Process 2 materials added: Kshs 49,700 Conversion costs; Kshs 31,200 iii) Costs incurred during the period: Process 1 output: Kshs 1,077,900 (95,000 Kgs) Process 2 materials added Kshs 440,000 Conversion costs: Kshs 514,800 iv) Closing work in progress units 10,000 units: 90% complete as to materials, 70% complete as to conversion costs. v) The product is inspected when it is complete. 200 units of finished products were rejected during the period, in line with the normal allowance. Units rejected have a disposal value of Kshs 10. 2 Required; i. Prepare the Process 2 Account for the period using the weighted average method