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A company produces a single product that passes through two processes. The details for process 1 are as follows: Materials 20,000 kg at $2.50 per kg Direct labour $15,000 Production overheads - 150% of direct labour Normal losses are 15% of input in process 1 and without further processing any losses can be sold as scrap for $1 per kg. The output for the period was 18,500 kg from process 1. There was no work-in-progress at the beginning or end of the period. What value (to the nearest $) will be credited to the process 1 account in respect of the normal loss?(2 marks) A Nil B $3,000 C $4,070 D $5,250 |