SECTION B Instruction: Complete ALL questions from this section. Question 1 A product is manufactured by passing materials through 2 processes. The production costs for January are as follows: Process A Direct Materials Direct Labour Overheads 4000 kg @ $3.00 per kg $2000 100% of Direct labour cost Table 1. There is no beginning or ending Work in Progress Inventory Process B 1500 kg @ $2.50 per kg $1500 125% of direct labour cost Normal losses: Process A Process B 10% 5% Scrapped Values: Process A $1.75 per kg Process B $2.50 per kg Output for January was: Process A Process B 3500 kg 5050 kg Required: A. Prepare Process A and Process B accounts. (15 marks) B. Prepare any abnormal loss/gain accounts. (3 marks) C. Explain the term Equivalent units. (2 marks) (Total 20 marks)