The following data relates to Process 1. Materials input: 1,000 units costing $10,000 Labor costs: $8,000 Departmental

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The following data relates to Process 1.

Materials input: 1,000 units costing $10,000

Labor costs: $8,000

Departmental overhead: $6,000

Normal loss is 4% of input and sold for scrap for $12 per unit.

Actual output = 944 units

Required:

Calculate the average cost per unit in Process 1 and fill in the process account, abnormal gain and loss account, and scrap account.

Related Book For answer-question

Managerial Accounting for Managers

ISBN: 978-1259578540

4th edition

Authors: Eric Noreen, Peter Brewer, Ray Garrison

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Posted Date: Jun 04, 2023 11:36 PM

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The following data relates to Process 1. Materials input: 1,000 units costing $10,000 Labor costs: $8,000 Departmental

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