Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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Assume that 800 units were worked on during a period in which a total of
700 good units were completed. Normal spoilage consisted of 50 units;
abnormal spoilage, 40 units. Total production costs were $3,600. The
company accounts for abnormal spoilage separately on the income statement
as a loss due to abnormal spoilage. Normal spoilage is not accounted for
separately. What is the cost of the good units produced?
Can you help me solve this general accounting question using the correct accounting procedures?
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