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Please complete the ENTIRE problem and the step that you took into working the problem out, thank you spoilage is detected, the spoiled goods are
Please complete the ENTIRE problem and the step that you took into working the problem out, thank you
spoilage is detected, the spoiled goods are inventoried at $230 per unit. Read the Requirement 1 . What is the normal spoilage rate? Select the formula, then calculate the normal spoilage rate. (Round the percentage to the nearest tenth percent, X.X\%.) ==Normalspoilagerate% Requirements 1. What is the normal spoilage rate? 2. Prepare the journal entries to record the normal spoilage, assuming the following: a. The spoilage is related to a specific job. b. The spoilage is common to all jobs. c. The spoilage is considered to be abnormal spoilageStep by Step Solution
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