Severn Minto plc makes a single product by passing materials through a consecutive processes.

All materials are introduced at the start of each process. All losses occur at the end of each process.

The following information is available for Month 6 of Year 9:

Input for month 9,700 kg

Materials – total cost $90,000

Conversion Cost $26,000

Closing stock of work-in-progress 1,600 kg - 80% complete

Output transferred to Finished Goods - 7,800 kg

Normal losses 200 kg

REQUIRED

1. Prepare the Equivalent Table, the Equivalent cost and the Evaluation table.
2. Prepare the Process Account for the period based on the above information.

All workings must be calculated to 5 decimal places; ledger entries calculated to the nearest$