Process Costing Sparkling Beverages makes one of its products by way of three separate stages. Details of production for the month ending 31st January were as follows: Process Fermenting Distilling...

Process Costing

Sparkling Beverages makes one of its products by way of three separate stages. Details of
production for the month ending 31st January were as follows:

   Process
                                                                                                                                                            Fermenting              Distilling                     Bottling

Input material:  65,000 litres                        $780,000                  -                                 -
Material added                                            -                                $89,000                      -
Direct Labour cost                                      $114,600                  $153,500                   $225,600
Manufacturing Overhead                            $122,000                 $126,000                    $193,100
Normal losses                                             8%                           5%                             5%
Output                                                         55,000 litres             53,000 litres              48,000 litres
Scrap value of losses -                                -                               $18.00/litre                 $30.00/litre

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.

Required:

i) The process account for each process: and
ii) The abnormal loss/gain account(s) showing Sparkling Beverages true loss/gain.

Thanks