Find... Question # 1. 5.12 Basic. A company uses process costing to value its output and all materials are input at the start of the process. The following information relates to the process for one month: Input 3000 units Opening stock 400 units Losses Closing stock 10% of input is expected to be lost 200 units How many good units were output from the process if actual losses were 400 units? (a) 2800 units (b) 2900 units (c) 3000 units (d) 3200 units Question#2. 5.13 Basic. A company uses process costing to value its output. The following was recorded for the period: 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 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