The following information is required for sub-questions (a) to (c).The incomplete process account relating to period 4 for a company which manufactures paper is shown below:

There was no opening work in progress (WIP). Closing WIP, consisting of 700 units, was complete as shown:Material ..........................100%Labour ..............................50%Production overhead ......40%Losses are recognized at the end of the production process and are sold for $1.75 per unit.(a) Given the outcome of the process, which ONE of the following accounting entries is needed to complete the double entry to the process account?

Debit .....................................................CreditA Abnormal loss account ..................Process accountB Process account ..............................Abnormal loss accountC Abnormal gain account ..................Process accountD Process account ..............................Abnormal gain account(b) The value of the closing WIP was:(A) ?$3,868(B) ?$4,158(C) ?$4,678(D) ?$5,288(c) The total value of the units transferred to finished goods was:(A) ?$21,052.50(B) ?$21,587.50(C) ?$22,122.50(D) ?$22,656.50

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Process account Units Units Finished goods Normal loss Work in Material 4000 16000 2750 Labour 8125 400 700 Production overhead 3498 700 progress