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Bolder Chemicals Limited manufactures a product, Zander, within two separate processes. For the week ended September 24, 2021 the details were: Proroce 1 All losses

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Bolder Chemicals Limited manufactures a product, Zander, within two separate processes. For the week ended September 24, 2021 the details were: Proroce 1 All losses have a scrap value of $0.50 per kilo Output during the week was 3,700 kilos from Process 1 and 4,600 kilos from Process 2. Required: As the accounts assistant at Bolder Chemicals Limited you are asked to prepare: a. The process 1 account for the week ended 24 September 2021 b. The process 2 account for week ended 24 September 2021 c. Distinguish between normal and abnormal loss and state how the balances on the abnormal loss and abnormal gain accounts are treated at the end of the accounting period

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