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Hello sir. I have worked this question and i have obtained $ 3.72 as answer but in the mcqs the correct answer was $3.92.
Please could you confirm if the answer is correct..Q During last month 20000 kg of material were input to a process. Losses of 5% were expected. Actual output was 18 500 kg and there was no opening and closing work in progress. Process costs for last month were $ 74 480. What was the cost per kg of last month’s output (to the nearest $0.01)?
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