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QUESTION 4 Golden Tree's chocolate bars pass through two processes. The data for the month just ended are: Process 1: Kg GH Ingredients 4,000
QUESTION 4 Golden Tree's chocolate bars pass through two processes. The data for the month just ended are: Process 1: Kg GH Ingredients 4,000 5,000 Labour and overheads 6,000 Process 2: GH Packaging 10,000 Labour and overheads 9,000 Golden Tree allows staff to eat 5% of the chocolate as they work on Process 1. There was no work in progress at the month end. Prepare the two process accounts and calculate the cost per kg. Required: (i) Compute the normal loss in units (ii) Prepare the process 1 account (iii) Prepare the Process 2 account
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
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