A product passes through 3 distinct processes to completion. During January, 1998, 500 units were produced. The cost books show the following information:

The indirect expenses for the period were Php 1,400. The by-products of process B were sold for Php 145. The residue of process C was sold for Php166.

Prepare the accounts in respect of the processes showing its cost and cost of production of finished product per unit.

Particulars A (Php) B (Php) C (Php) Materials 3,000 1,500 1,000 Labor 2,500 2,000 1,500 Direct Expense 500 2,160 905