A product passes through three processes to completion. In the month of June, the costs of production were as follows:

Cost Element	Total Costs	Processes
		1	2	3
Additional Materials	8,432	2,000	3,020	3,462
Direct Labor	12,000	3,000	4,000	5,000
Direct Expenses	726	500	226	-

Production Overheads are $6,000. 1,000 units at $5 are introduced to process 1 and the output of each process is as follows: Process 1; 920 units, Process 2; 870 units, and Process 3; 800 units

The company expects a normal loss of 10%, 5%, and 10% of input for processes 1, 2, and 3 respectively. The loss in each process is represented with scrap which is sold to a piggery farm owner at $3 per unit, $5 per unit, and $6 per unit for processes 1, 2, and 3 respectively.

Production overheads are absorbed in process on the basis of 50% of the cost of direct labor.

No beginning and closing inventory is registered.

Required;

Prepare process accounts and other relevant accounts.