A Ltd. produces product 'AXE' which passes through two processes before it is completed and transferred to finished stock. The following data relate for the month of October: Output of Process- I is transferred to Process- II at 25\% profit on the transfer price. Output of Process- II is transferred to finished stock at 20% profit on the transfer price. Stock in processes is valued at prime cost. Finished stock is valued at the price at which it is received from process II. Sales during the period are 1,40,000. PREPARE Process cost accounts and finished goods account showing the profit element at each stage