Prepare the ledger accounts to record the process mixing, process packaging, finished goods, normal loss, abnormal loss and abnormal gain for the month of January. Please show all workings. (32 marks)

1) Coolty Sdn Bhd manufactures chocolates that passes through two processes: mixing and packaging. The output of mixing is passed to packaging. During January, 50,000 units were completed and transferred to the packaging department while 100,000 units were completed as finished goods. There were no stock or work in process at either the beginning or the end of the period. General overhead for January amounted to RM12,000 and is absorbed into process costs on a process labour basis. The normal output of process mixing is 80% of input, while that of process packaging is 90% of input. Waste matter from process mixing is sold for RM0.25 per unit, while that from process packaging is sold for RM0.35 per unit. Assume that all available waste matter had been sold at the prices indicated. The weighted average method is applied for Coolty Sdn Bhd. The process costs for the month of January were as follows: Mixing Packaging Material 30,000 RM20.30 58,000 is R100.50 per RM6,000 RM3.000 Process plan 100 hours RM120 30 hours RM28.40 per hour time Required: Prepare the ledger accounts to record the process mixing, process packaging, finished goods, normal loss, abnormal loss and abnormal gain for the month