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OCEDGE Question 3 (This question provides evidence for CILO 3) (25 Marks) You were eventually hired as an accounting clerk and the following tasks were given to you: A product passes through three processes namely Grinding, Mixing, and Packing. 2000 kg at BD 1 per kg were issued to Grinding process. Details Grinding Mixing Packing process (BD) process (BD) process (BD) Sundry material 200 300 280 Direct labour 1000 1600 1300 Direct expenses 200 240 320 The wastage of grinding process was 5%, mixing process 4o, and packing process was 64 units. The wastage of grinding process was sold at BD 0.2 per kg, that of mixing process at BD 0.5 and packing process at BD 3 per unit. The overhead charges were 150 %o of direct labour cost. The final product was sold at BD 20 per kg. You are required to prepare the three process accounts and finished goods account showing: The cost of each process The sales proceeds The profit or loss on sales Grinding process- a/c (7.5 marks) Details Units Amount BD | Details Units Amount BD Mixing process - a/c (7.5 marks) Amount BD Details Details Units Units Amount BD Packing process - a/c (7.5 marks) Amount BD Details Units Details Units Amount BD Show your calentations of the profillon telow as marko)