Economics · Cost Accounting
In process costing, when normal loss occurs during production, the cost of normal loss is generally:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Treated as abnormal loss
- 2Absorbed by the cost of good units produced✓
- 3Ignored while calculating cost per unit
- 4Charged separately to the Profit and Loss Account
Correct answer
Absorbed by the cost of good units produced
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