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Roswell Ltd produces Netball, a product requiring two processes. Normal loss in each process is 10%. The following information relates to Period 2: Scrapped units

Roswell Ltd produces Netball, a product requiring two processes. Normal loss in each process is 10%. The following information relates to Period 2: Scrapped units are sold for $4 each. A. Prepare process 1 account (6 marks) B. Prepare process 2 account (7 marks) C. Prepare abnormal loss and abnormal gain account (3 marks) D. Prepare scrap account (4 marks) (Total 20 mark

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