Question 3 S Industrial Limited has the following information relating to one of its production processes for the month of March 2023: (1) Opening work in progress was 2,000 units at K24,800 and its breakdown was: Materials input Labour Overheads Degree of Completion K 100% 12,000 40% 10,000 30% 2.800 24.800 (2) Costs incurred during the period were: Materials input 10,000 units at K72,500 Labour Overheads K36,000 K25,800 (3) Closing work in process were 3,000 units and their degree of completion of Individual components were: Materials input Direct labour Overheads 100% 60% 40% (4) Normal loss was 10% of the materials input during current period. The scrap value of loss was K5 per unit. 1,200 units were actually scrapped during the month. It is the company's cost accounting policy to deduct the scrap value of normal loss from the cost of materials input in the current process. REQUIRED: (a) Prepare the following accounts for the month of March 2023 using the first in first out method (i) Process account (15 marks) (ii) Abnormal loss account (5 marks)