Question: 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

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.


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