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Q.P. Code :20860Q.215M's GOLMAL Ltd. Manufactures a product which passes through three processes. The followingparticulars gathered for the month of March, 2017ParticularsProcess N (Rs.)Process L(Rs.)800967.00068015,3607680Basic materials (Kgs)Cost of material per kgIndirect materialsDirect wagesIndirect wagesOverheadsNormal loss (%on total Input)Scrap Value per kgOutput transferred to Next ProcessOutput transferred to warehousePrepare Process Accounts.Process M(Rs.)416907.00084015,2007.6005%3363522,00094964,4002.2005%50%50%60100%OR​

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