Process Costing Question 1
In the account details recorded for CharllyCARES Nig Ltd. There was an input material transferred from Process A account which is 12,000 units.
The cost of labor was N15,000 while the factory overhead cost was N15,000. The final output was 11,000kg with a normal loss of 5%.
You are required to calculate:
- Total Cost
- Expected Unit
- Cost Per Unit
- Value of Good Unit
- Value of Abnormal loss
- Value of Abnormal gain
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