A product passes through two processes. The output of Process-l is treated as the raw material of Process-II. The cost incurred at Process- II is as…

A product passes through two processes. The output of Process-l is treated as the raw material of Process-II. The cost incurred at Process- II is as follows: Particulars Process-II (₹) Transferred from Process-l A/c 27,85,700 Materials issued 10,00,000 Labour 2,00,000 Manufacturing overhead 5,00,000 The output of each process is as under: Process Output Normal Loss Process-l 48,750 units 2% Process-II 47,000 units 5% No stock of materials or of work-in-process was left at the end. You are required to CALCULATE the value of Abnormal Gain/Loss in Process-II A/c.