Question 2 A manufacturing firm which produces cereals undertakes production through two (2) processes. Completed output is transferred from Process A to Process B, and from Process B to finished goods. There is no opening or closing work-in-process. Relevant data for the two processes are given below: Process A Input (in units) 50,000 kg Material 140/kg Conversion cost A1,180,000 Actual output 45,000 kg Normal loss 8% Serap value 250/kg Process B Input (in units) Material Conversion cost Actual output Normal loss Scrap value 45,000 kg 4460/kg 550,000 42,500 kg 10% 160/kg [20 points)