Question 3 (This question provides evidence for CILO 3) (--/25 Marks) From the following information related to a manufacturing company, you are required to prepare the process accounts showing: > The cost of each process > Normal loss if any Unit rate at the end of each process Unit rate of finished goods (Cost of the product) Details Process-X Process-Y Process-Z 6400 5760 2800 2000 2100 5700 6000 2400 2240 1440 Cost of materials (BD) Wages (BD) Works on cost Production in units Stock (Units from preceding process 1st October 2020) Stock (Units from preceding process 31* October 2020) 2220 5670 6600 1600 400 2200 Determine the cost of products using Process costing system. Process-X a/c (---/5 Marks) Units Amount BD Details Units Amount BD Details Units Amount BD Units Amount BD Calculations ----/1 Mark) Process-Z a/c (----/ 8 Marks) Details Units Amount BD Units Amount BD Calculations (----/2 Marks)