process account

Further Exercises A plastic manufacturing firm undertakes production of two products in two unrelated processes: Process 1 has a normal wastage of 8% which can be sold as scrap at N20 per kg. You are given the following information: Input (2,500 kg) N70/kg Labour & overheads (conversion cost) $135,000 Actual output 2,250 Further Exercises... Cont'd Process 2 has the following information: Input Conversion cost Actual output Normal loss Scrap value 20,000 units at N4.50/unit N103,000 18,500 units 10% N43 per unit Required: Show the computation for unit cost and the relevant process accounts for each process