A company uses process costing to value output. During the last month the following information was recorded: Output: Normal Loss: Abnormal gain: 1,500 kg valued at $7.50/kg 100 kg which has a scrap value of $3/kg 60 kg What was the value of the input?

Sep 8, 2023

 

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A company uses process costing to value output. During the last month the following information was recorded: Output: Normal Loss: Abnormal gain: 1,500 kg valued at $7.50/kg 100 kg which has a scrap value of $3/kg 60 kg What was the value of the input?
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