Question: C Ltd input to a process in March was 1,000 units. Normal loss is 3% of input. Costs of production were: Direct materials $3,705 Direct

C Ltd input to a process in March was 1,000 units. Normal loss is 3% of input. Costs of production were: Direct materials $3,705 Direct labour $600

Production overhead $3,000

Actual output during November was 950 units. Items lost in process have a scrap value of $1 per unit

Required:

Calculate the cost per unit of output and prepare the process account with relevant accounts. Show your workings clearly.

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