In the lecture notes for the sections on process costing where there is WIP you say to assume no losses.
Could we be given a question in which there is both WIP and losses? How would this affect the calculation of equivalent units for materials and conversion costs to calculate the cost per unit? Normal losses wouldn't affect anything but what about abnormal loss/gain?
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Process costing - WIP and losses?
9y ago#1As I do say in the lectures, the syllabus specifically says that losses and WIP will not be examined in the same question.
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