Question: need help solving this management accounting question if someone could explain using a the process T account and how to calculate the cost of the

need help solving this management accounting question if someone could explain using a the process T account and how to calculate the cost of the output need help solving this management accounting question if someone could explain using

(6.23 Weighted average method with losses CW Ltd makes one product in a single process. The details of the process for period 2 were as follows: There were 800 units of opening work in progress valued as follows: Material 98 000 Labour 46000 Production overheads 7600 During the period 1800 units were added to the process and the following costs were incurred: Material 387800 Labour 2276320 Production overheads 149280 There were 500 units of closing work in progress, which were 100 per cent com plete for material, 90 per cent complete for labour and 40 per cent complete for production overheads. A normal loss equal to 10 per cent of new material input during the period was expected. The actual loss amounted to 180 units. Each unit of loss was sold for 10 per unit. CW Ltd uses weighted average costing. Calculate the cost of the output for the period. (4 marks)

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