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Determine the accounting entries for the cost of output

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Reference no: EM133035184

Question - Assume that input to a process is 1,000 units at a cost of $18,000. Normal loss is 10% and there are no opening or closing inventories.

Required - Determine the accounting entries for the cost of output and the cost of the loss if actual output were as follows: 800 units (so that actual loss is 200 units).

Reference no: EM133035184

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