Reference no: EM132783845

Abnormal Loss -

Average The Loosan Manufacturing reported the quantity data from its operations for January:

WIP, beg 7,500 units, 1/4 complete Placed in Process 75,000 units WIP, end 4,500 units, 2/5 complete Transferred out 74,250

Problem 1: Compute for the equivalent units of production under each of the following independent assumptions using Average costing:

[a] Loss occurs at the beginning of the process;

[b] Loss occurs during process;

[c] Loss occurs when goods are 1/3 done;

[d] loss occurs at the end of process.