Question

valuatiion of closing stock in case of normal loss given​

Answer 1

Normal loss:- Normal loss means loss which is inherited and can not be avoided. it should be considered while valuing the closing stock. To ascertain the cost per unit after the normal loss, Cost per unit = ( total cost + expenses incurred)/ ( total quantity - normal loss). Note:- No entry is recorded for normal loss in the books. here ur answer hope it's help to u