Question
1-A company operates a process system to produce product X.
The following data is available taken from the month of june:
KG OMR
Material introduced into the process 1000 4150
Direct labour 3380
Closing stock 150
Transferred to finished goods 750

Notes:
a) Production overheads are to be cgarged at 75% of direct labour
cost.

b) Inspection takes place at the end of the process.A 10% loss of
units introduced into the process is expected.

c) Closing stock is 60% complete as regards conversion cost (i.e.
labour and overheads) and 100% complete as regards material.

Required

You are required to prepare a process account for the period

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