Pogba Manufacturers produces a product in two phases details of the two processed for a period was as follows:

Process 1:

Raw material : 6 000 kgs at $50 per kg

Direct labour $ 66 000

Production overheads $ 56 100

Normal loss 10% of input

Scrap value per unit: $10

Process 2:

Added materials: 1500 kg at $40 per kg

Direct labour: $ 49 000

Production overheads: $ 10 000

Normal loss: 15% of total input

Scrap value per unit: $15

Actual outputs for the two processes were as follows:

Process 1: 5 500 kgs

Process 2: 6 000 kgs

REQUIRED:

Prepare the process 1 & 2 accounts

Prepare the Abnormal Loss & Abnormal Gain accounts