A company produces a number of products, one of which is the "Chem20". "Chem20" is manufactured in three separate processes with the output from process 1 becoming the input into process 2 and the output from process 2 becoming the input into process 3. In an actual period, 2,080kg of basic material X was input into process 1 at a cost of 4.50 per kg. 312kg of material Y was added in process 3 at a cost of 10.50 per kg. The normal losses are: Process 1 Process 2 Process 3 4% of input 5% of input 4% of input The scrap value of losses is: Process 2 2 per kg Process 3 4 per kg Process 1 Process 2 Process 3 Direct Labour Cost f 2,900 2,700 3,700 Overheads 3,714.40 4,020.00 2,379.52 Outputs kg 1,920 1,880 1,980 You are required to: a) Complete the three process accounts. b) Complete any abnormal gain, abnormal loss accounts and normal loss accounts. c) Describe the differences between process costing and job costing