Accounting · Process Costing
A process operates with a normal loss of 5% of input. All losses have a realisable value of $38 per litre. Last month 10,000 litres were input to the process and good production was 9,200 litres. Process costs arising last month were $456,000. There was no work-in-progress. What was the value credited to the process account for the abnormal loss last month?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$14,400
- 2$13,800✓
- 3$13,440
- 4$11,400
Correct answer
$13,800
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