Product 'X' is Obtained After It is Processed Through Process A, B and C. the Following Cost Information is Available for the Month Ended 31.03.2018 : - Cost Accounting(Financial Accounting and Auditing 10)
Product 'X' is obtained after it is processed through Process A, B and C. The following cost information is available for the month ended 31.03.2018 :
No. of Units introduced in the Process
Rate per Unit of Units Introduced (Rs.)
Cost of Material
Value of Scrap per Unit
Output in Units
There is no Stock in any Process. You are required to prepare (1) Process B A/c, (2) Abnormal Loss A/c, (3) Abnormal Gain A/c.