Question: Example 1 (No process loss). A product passes through three distinct processes A, B and C to completion. On 1st February 2021, 1,000 units of

Example 1 (No process loss). A product passes through three distinct processes A, B and C to completion. On 1st February 2021, 1,000 units of input was introduced to Process A. The operating details of the three processes are given below: PROCESS A B C Shs. Shs. Shs. Materials 6,000,000 13,000,000 22,000,000 Labour 5,000,000 4,000,000 5,000,000 Direct expenses 1,000,000 200,000 1,000,000 The indirect expenses of the period was Shs. 2,800,000 apportioned to the processes on the basis of labour cost. Required: Prepare the three process accounts

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