A company produces a single product which passes through two processes; X and Y. The normal level of loss and the scrap value of any loss is as follows; Process X Process Y Normal loss as a percentage of input 10% 5% Scrap veue per kg GH3 GH6 The actual data incurred for the month of January, 2021 is as follows; Process X Process Y Output in kg 850 1,075 Direct materials introduced at start 1,000kg @ GH3.3 per kg 250kg @ GH12 per kg of process Direct labour GH850 GH1,500 Direct expenses GH750 GH1,510 Production overhead is absorbed on the basis of direct wages. The budgeted overheads for the accounting year was GH56,000 and the budgeted direct labour was GH28,000. there were no inventory of work-in-progress at the beginning or end of January, 2021. You are required to prepare the accounts for: (6) Each of the processes (ii) Normal loss (iii) Abnormal loss and / or gain.