Angolan Products processes its products through three separate stages. Details of production for the month ending 31 May were as follows:
65,000 kg $0.60/kg
During the month $6,300 worth of materials were used in the secondary process. The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process.
Losses from the finishing process are sold at $1.50 per kg.
i) The process account for each process: and
ii) The abnormal loss/gain account(s).