Basic. A company uses process costing to value its output.

The following was recorded for the period:

There were no opening or closing stocks.
What was the valuation of one unit of output to one decimal place?

(a) £11.8

(b) £11.6

(c) £11.2

(d) £11.0 ACCA 1.2: Financial Information for Management

Input materials Conversion costs Normal loss Actual loss 2000 units at 4.50 per unit 13340 5% of input valued at 3 per unit 150 units