R makes one product, which passes through a single process. Details of the process account for period 1 were as follows: Material cost - 20,000 kg P26,000 Labour cost P12,000 ma Production overhead cost P5,700 Output 18,800 kg Normal losses 5% of input There was no work-in-progress at the beginning or end of the period. Process losses have no value. The cost of the abnormal loss (to the nearest P) is The following information is available for the HAPPY Corporation for 20X3: 1. Materials inventory decreased $4,000 during 20X3. 2. Materials inventory on December 31, 20X3, was 50% of materials inventory on January 1, 20X3. 3.Beginning work in process inventory was $140,000. 4. Ending finished goods inventory was $65,000. 5. Purchases of direct materials were $150,000. 6. Direct materials used were 2.5 times the cost of direct labor. 7. Manufacturing overhead was 50% of the cost of direct labor. 8. Total manufacturing costs incurred were $246,400, 80% of cost of goods manufactured and $150,000 less than cost of goods sold. Q: materials inventory on January 1, 20X3