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Perth operates a process costing system. The process is expected to lose 25% of input and this can be sold for $8 per kg. Inputs for the month were:
Direct materials 3,500 kg at a total cost of $52,500
Direct labour $9,625 for the period There is no opening or closing work in progress in the period. Actual output was 2,800 kg. What is the valuation of the output?
)Please do not simply type out a full question and expect 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.
Have you watched our free lectures on process costing which explain exactly how to deal with this problem? The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
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