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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process Costing
From Colin Drury,
A department with no opening work in progress introduced 1000 units into the process ; 600 are completed, 250 are 20% complete, and 150 units are lost, consisting of 100 units of normal loss and 50 units of abnormal Lisa. Losses are detected upon completion. Material costs are £8000 (all introduced at the start of the process) and conversion costs are £4000.
My question now, normal loss value was calculated the same way as normal output. I thought that if no scrap value is given, normal loss has no value.
Could it be because of the statement ‘Losses are detected upon completion’?
Values from the book :
Work in progress =2250
Completed units =7800
Abnormal loss =650
Normal loss =1300
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Sorry for including the irrelevants
You have posted the same thing elsewhere, and I have answered your other post 🙂