Question

Style textiles use process costing. In 2nd department of the processing departments, following inspection. Normal loss
is 2.5% of good output and the rest if remains will be treated as an abnormal cost. Further information revealed that the 2nd department of style textiles received 100,000 units from the 1st department that is of total cost =70,000/-. The receiving department further transferred 80,000 units to finished goods inventory. 18000 Units are still in process (2/3 labor and 1/3 FOH). Further data shows that the cost incurred for labor is =83870/- and for factory overhead is=64322/-.

Answer 1

Answer:

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