Question: Show Process I and Process II Accounts using the information provided below. (20 marks) ProcessIII ParticularsSh.Sh. Material60, 000- Labour12, 00016, 000 Overheads24, 00020, 000 ProductionUnitsUnits

Show Process I and Process II Accounts using the information provided below. (20 marks)

ProcessIII

ParticularsSh.Sh.

Material60, 000-

Labour12, 00016, 000

Overheads24, 00020, 000

ProductionUnitsUnits

Received in Process40, 00036, 000

Completed and transferred36, 00032, 000

Still in process2, 0002, 500

Normal loss2, 0001, 500

Level of completion by WIP: Material100%100%

Labour & overheads50%50%

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