Question: A product passes through two process A and B in the manufacturing process. The information related to the input and output for each process is
A product passes through two process A and B in the manufacturing process. The information related to the input and output for each process is given below:
9,500 units were issued in Process A at a cost of $10 per unit.
Process A Process B
Material added $29,000 $27,420
Direct Labour $13,000 $11,820
Overheads $9,775 $9,000
Normal loss 5% 4%
Normal loss scrap value $5 per unit $6 per unit
Output 9000 units 8700 units
From the information given above show the recordings in the:
- Process A account, show all working
- Process B account, show all working
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