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QUESTION 4 Golden Tree's chocolate bars pass through two processes. The data for the month just ended are: Process 1: Kg 4,000 Ingredients Labour and

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QUESTION 4 Golden Tree's chocolate bars pass through two processes. The data for the month just ended are: Process 1: Kg 4,000 Ingredients Labour and overheads GH 5,000 6,000 Process 2: Packaging Labour and overheads GH 10,000 9,000 Golden Tree allows staff to eat 5% of the chocolate as they work on Process 1. There was no work in progress at the month end. Prepare the two process accounts and calculate the cost per kg. Required: (i) Compute the normal loss in units (ii) Prepare the process 1 account (iii) Prepare the Process 2 account QUESTION 4 Golden Tree's chocolate bars pass through two processes. The data for the month just ended are: Process 1: Kg 4,000 Ingredients Labour and overheads GH 5,000 6,000 Process 2: Packaging Labour and overheads GH 10,000 9,000 Golden Tree allows staff to eat 5% of the chocolate as they work on Process 1. There was no work in progress at the month end. Prepare the two process accounts and calculate the cost per kg. Required: (i) Compute the normal loss in units (ii) Prepare the process 1 account (iii) Prepare the Process 2 account

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