The following details are taken from a factory Particulars Process I II Finished stock Operating stock ......(Rs)20,00025,00040,000Direct material ......(Rs)90,00060,000 Direct wages…

The following details are taken from a factory

ParticularsProcess III****Finished stockOperating stock ......(Rs)20,00025,00040,000Direct material ......(Rs)90,00060,000-Direct wages ......(Rs)50,00040,000-Factory overheads ......(Rs)30,00020,000-Closing stock valued at prime cost ......(Rs)50,00060,000-Inter process profit on opening stock ......(Rs)-5,00010,000 The output of process I is transferred to process II at a profit of 25% on cost price and that of process II to finished stock at a profit of 20% on transfer price. The factory sold 80% of the finished goods for Rs. 350,000.

Required :

• Process I and II account
• Finished stock account
• Actual realized profit

[4+5+4+2=15]