Manufacturing of product 'X' requires three distinct processes. On completion the product is passed from Process - 3 to finished stock. During the month of December 2019, the following information was obtained: (12 marks)

Elements of Costs	Total	Process
		I()	II()	III()
Direct material	26,000	15,000	11,000	-
Direct labour	26,500	12,500	6,000	8,000
Direct expenses	8,000	3,000	-	5,000
Production overhead	79,500	-	-	-

Production overhead is absorbed by processes at a percentage of direct wages. Production during the period was 1,000 kg. There was no stock of raw materials or work-in-progress at the beginning or at the end of the month. There is no process loss also. Show the Process Accounts and Finished Stock Account