A company uses process costing to value its output. The following was recorded for the period:

Input materials 2000 units at £4.50 per unit Conversion costs £13340 Normal loss 5 per cent of input valued at £3 per unit Actual loss 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

(ce) 211-2

(d) £11.0

. (2 marks)

ACCA Financial Information for Management