QUESTION FIVE (a) Anglina product processes its products through three separate stage. Details production for the month ending 31 May were as follows Process Raw Materials Labour Over Normal Actual Cost Heads Loss Output (KG) (K/KG) (K) (K) (%) (KG) Primary 65,000 0.60 5730 3240 10 55000 Secondary 7200 4100 5 53000 Finishing 8280 5160 5 48000 During the month K6300 worth of materials were used in the secondary process. The nature of the processes requires equipment to be cleaned at the end of each month. Thus there are no openings or closing stocks of products in process. Losses from the finishing process are sold at K1.25kg. Required: (i) The process account for each process; and (ii) The abnormal gain and abnormal loss accounts as appropriate (12 marks) (b) At Earith industries at the beginning of April there were no partially finished goods on hand. During the month, 6000 completed units were produced, together with 800 units partially completed. Details of the partially finished items were: Total Cost Percentage Completed (K) Materials 12 540 75 Labour 8 476 65 Overheads 7 084 55 Calculate: (a) The total equivalent production (b) The cost per complete unit (c) The total value of work - in - progress (8 marks)