Question: Part 6 Process costing (10 marks) Assume that input to a process is 1,500 units at a cost of $12,000. Normal loss is 20% and

Part 6 Process costing (10 marks)

Assume that input to a process is 1,500 units at a cost of $12,000. Normal loss is 20% and there are no opening or closing inventories.

Required

Determine the accounting entries for the cost of output and the cost of the loss if actual output were as follows:

1100 units (so that actual loss is 400 units)

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