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A product passes through two processes and then to finished stock. The normal wastage of...

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Accounting

A product passes through two processes and

then to finished stock. The normal wastage

of each process is Process - A 3% and

Process - B 5%.

The wastage of Process A was sold @ Rs.5 per

unit and that of Process B at Rs.10 per unit.

20,000 units were introduced into Process A

at the beginning of January 2015 at a cost of

Rs.40 per unit.

Process A Process B

Sundry materials 40,000 60,000

Wages 2,00,000 3,20,000

Manufacturing

expenses

30,000 28,500

The output of Process A was 19000 units and that

of Process B 18200 units. Prepare process accounts

only.

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