Illustration 17.
The following particulars for the last process are given
22
Transfer to the last process at cost of the previous process
Transfer to finished stock from the process
Direct materials used
The factory overhead in process is absorbed 100% of the direct mana.
Allowance for normal loss is 20% of units worked
The sap value is Rs. 5 per unit
You are required to prepare
(a) Last Process Account
(6) Normal Wastage Account, and
(c) Abnormal Effective Accoun
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Explanation:
a./last process account is answer of this question.
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