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A process costing system for J Co used an input of 3,500kg of materials at $20 per kg and labour hours of 2,750 at $25 per hour. Normal loss is 20% and losses can be sold at a scrap value of $5 per kg. Output was 2,950 kg.
What is the value of the output?There is no point in simply typing out full questions and expecting to be provided with a full answer.
You must have an answer in the same book in which you found the question, so ask about whatever it is in the answer that you are not clear about and then I will explain.
Everything necessary for the exam is explain in my free lectures on process costing. Have you watched them?
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