A product passes through two processes A and B. During the month ended June, 1,500 products were produced. The detailed cost break up is as follows: Process A Process B Direct materials P90 000 P75 000 Direct Labour P75 000 P150 000 Direct expenses P15 000 P18 000 Indirect overhead cost during the period were P60,000 apportioned to the processes based on direct labour costs. No work in progress existed at the beginning and end of the period. Required: Prepare relevant process accounts. (10 marks)