A Product passes through three distinct processes, 1, 2 and 3. The output of each process passes directly to the next process and then finally to finished goods. Processes $ 1 2 3 Process 1 Process 2 Process 3 Direct material Direct expenses $ 1,256 2,124 786 10% 10% 5% $2 $4 $ 500 units at $6 per unit is issued into process 1. Normal loss and scrap values of units per process was estimated as follows: $5 505 742 957 Actual output for each process was: Process 1 440 units Process 2 400 units Process 3 382 units Direct labour 234 There was no work in progress in any of the process. Production overheads for the period amounted to 2,204 and are allocated to each process on the basis of 100% of the cost of direct labour. Required : Prepare the process accounts showing workings where necessary