2007 SEP. [8] A product is completed in three processes. During January 2003 the input to process 1 of the basic raw material was 5,000 units @ Rs. 2 per unit. Other information is as follows : Overhead expenses Rs. 32,000 total are chargeable as percentage of direct wages. There was no opening, closing workin-progress. Prepare three process account and finished stock account with details of abnormal loss and gain, if any.(Marks 15) Ans. [ Process 1 - Abnormal Loss (50 units): Rs. 300; Trid. Process 2: Rs. 28,200; Process 2 - Abnormal Gain (7 units): Rs. 840; Trfd. to Process 3: Rs. 51,600; Process 3 Abnormal Loss (35 units): Rs. 770; Trfd. to Finished Stock Rs. 89,100] Hint. [ Net Abnormal Loss trf. to Costing P \& L Rs. 810; Ne Abnormal Gain trf. to Costing P \& L Rs. 490 ]