A company uses process costing to value its output. The following was recorded for the period: Input materials 2,000 units at $4.50 per unit Conversion costs 13,340 Normal loss 5% of input valued at $3 per unit Actual loss 150 units There were no opening or closing inventories. What was the valuation of one unit of output to one decimal place? A $11.8 B $11.6 C $11.2 D $11.0

Question

A company uses process costing to value its output. The following was recorded for the period:

Input materials 2,000 units at $4.50 per unit

Conversion costs 13,340

Normal loss 5% of input valued at $3 per unit

Actual loss 150 units

There were no opening or closing inventories.

What was the valuation of one unit of output to one decimal place?

A $11.8

B $11.6

C $11.2

D $11.0

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