6. SR Ltd. produces Product Z through two distinct processes - Process I and Process II. On completion, it is transferred to finished stock. Following information is given for a particular month: There was no opening or closing stock of work in progress. You are required to: (i) Prepare process accounts, normal wastage account, abnormal wastage account and abnormal gain account if there is abnormal gain. (ii) 6,000 units of finished stock were sold at a profit of 20% on cost. Find the selling price.

NOTE- FOR TABLE INFO SEE IMAGE ATTACHED. AND IT'S AN EARNEST REQUEST TO SOLVE BRIEFLY AND IN GREAT DETAIL. IF YOUR ANSWER WILL BE ACCORDINGLY I WILL SURELY GIVE A LIKE.

6. SR Ltd. produces Product 'Z' through two distinct processes - Process I and Process II. On completion, it is transferred to finished stock. Following information is given for a particular month Particulars Process I Process II 7,500 units Rs.60 7050 units 6570 units 10% Raw material used Raw material cost per unit Transfer to next process/finished stock Normal Loss ( on input) Direct Wages Direct Expenses Manufacturing Overheads Realizable value of scrap per unit 5% Rs. 1,40,000 Rs.1,20,000 60% of direct Wages 65 % of direct Wages 20% of direct Wages Rs. 34,650 Rs.29 Rs.40 There was no opening or closing stock of work in progress. You are required to: (i) Prepare process accounts, normal wastage account, abnormal wastage account and abnormal gain account if there is abnormal gain. (ii) 6,000 units of finished stock were sold at a profit of 20% on cost. Find the selling price