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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

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

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 2EA: A company started a new product, and in the first month started 100,000 units. The ending work in...
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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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