Please fast within few minutes or else let others do it. 8 Lindwal Ltd. produces a standard product through three successive processes after which the product passes to finished stock. Each process passes its output to the next process at a price to show a profit of 20% on the transfer price. Process III passes its output to finished stock account on the same basis. The following data relate to the year ended 31st December, 2011 : Process I Process II Process III Rs. Rs. Rs. Materials consumed 30,000 35,000 70,000 Wages paid 50,000 40,000 80,000 Stock on 31.12.11 at prime cost 20,000 30,000 60,000 There was no opening finished stock or work-in-progress, nor there was any closing work-in-progress. Out of the goods transferred by Process III to finished stock account, goods worth Rs. 2,60,000 were sold for Rs. 4,00,000; the balance remained in stock on 31.12.11. Prepare process accounts and finished stock account showing the amount of unrealised profit in stock in each case separately