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QUESTION 1 Chariton Ltd manufactures a product in a single process operation Nommal loss is 10% of input. Loss occurs at the end of
QUESTION 1 Chariton Ltd manufactures a product in a single process operation Nommal loss is 10% of input. Loss occurs at the end of the process. Data for June are as follows Opening and closing stocks of work in progress Cost of input materials (3,300 units). Direct labour production overhead Output to finished goods. Required a) What was the full cost of finished output in June? NILL GHC 59.100 GHC 30,000 2,750 b) Complete the process account and any abnormal loss or gain accounts
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