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May i know is it the question needed to include the OWIP in normal loss?

Forums › CIMA Forums › May i know is it the question needed to include the OWIP in normal loss?

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  • April 30, 2017 at 11:35 am #384359
    hozhengyang
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    May i know is it the question needed to include the OWIP in normal loss?

    Question : Normal wastage of material including product transferred from Process 1, which occur in early stage of Process 2 after all material have been added is expected to be 5% of input. Wastage material have no saleable value. The company use FIFO for its costing.

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