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3,000 units of material are input to a process. Process costs are as follows. Material $11,700 Conversion costs $6,300 Output is 2,000 units. Normal loss
3,000 units of material are input to a process. Process costs are as follows.
Material $11,700
Conversion costs $6,300
Output is 2,000 units. Normal loss is 20% of input.
Required Prepare a process account and the appropriate abnormal loss/gain account.
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