Needed ASAP

Practice Question for Cost Accounting

Please use Columns when doing the accounts. Thanks

A company makes a product that passes through two production processes. For the week ended December 31, 2012, details of production were as follows: Scraps can be sold for $0.75 in Process 1 and Process 2 Required: A. Process 1 Account. B. Process 2 Account. C. Abnormal loss or abnormal gain account for the period