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Find the accounting entries for the cost of output

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Reference no: EM132979265

Problem 1: Suppose that input to a process is 1,000 units at a cost of €4,500. Normal loss is 10% and there is no opening or closing stock. Determine the accounting entries for the cost of output and the cost of the loss if actual output were as follows:

a) 860 units

b) 920 units

Reference no: EM132979265

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