Sparkling Beverages makes one of its products by way of three separate stages. Details of production for the month ending 31st January were as follows: Process Bottling Input material Material added Direct Labour cost Manufacturing Overhead Normal losses Output Scrap value of losses Fermenting|Distilling $89,000 $122,00O $126,000 65,o00 litres $78o,ooo $114,600 $153.500$225,6o0 $193,100 5% 55,o00 litres 53,ooo litres 48,000 litres $30.oo/litre 8% 5% -$18.oo/litre The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required i) ii) The process account for each process: and The abnormal loss/gain account(s) showing Sparkling Beverages true loss/gain. Sparkling Beverages makes one of its products by way of three separate stages. Details of production for the month ending 31st January were as follows: Process Bottling Input material Material added Direct Labour cost Manufacturing Overhead Normal losses Output Scrap value of losses Fermenting|Distilling $89,000 $122,00O $126,000 65,o00 litres $78o,ooo $114,600 $153.500$225,6o0 $193,100 5% 55,o00 litres 53,ooo litres 48,000 litres $30.oo/litre 8% 5% -$18.oo/litre The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required i) ii) The process account for each process: and The abnormal loss/gain account(s) showing Sparkling Beverages true loss/gain