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What the accounting entries for the cost of output

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Question - Assume that input to a process is 1,500 units at a cost of $12,000. Normal loss is 20% and there are no opening or closing inventories.

Required - What the accounting entries for the cost of output and the cost of the loss if actual output were as follows: 1100 units (so that actual loss is 400 units).

Reference no: EM132865979

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