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COST ACCOUNTING NEEDED ASAP. THANKS. A product is manufactured by passing materials through two processes. Production costs for 2021 January are as follows: There is
COST ACCOUNTING
NEEDED ASAP.
THANKS.
A product is manufactured by passing materials through two processes. Production costs for 2021 January are as follows: There is no beginning or ending work in progress inventory. Normal losses: Process A 10\% Process B 5\% Scrapped values: Process A $1.75 per kg Process B $2.50 per kg Output for 2021 January was: Process A 3500kg Process B 5050kg A. Prepare Process A and Process B accounts. (15 marks) B. Prepare abnormal loss/gain accounts. (3 marks) C. Explain the term, equivalent unitsStep by Step Solution
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