A company produces a single product that passes through two processes. The details for process 1 are as follows: Materials input Direct labour Production overheads 20,000 kg at $2-50 per kg $15,000 150% of direct labour Normal losses are 15% of input in process 1 and without further processing any losses can be sold as scrap for 1 per kg The output for the period was 18,500 kg from process 1 There was no work-in-progress at the beginning or end of the period. s no work-in. progress at the beginming or ess What is the value (to the nearest $) of the output to process 2