The loss in each process represented a scrap which could be sold for the following...
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Accounting
The loss in each process represented a scrap which could be sold for the following valueprocess I shs 20 per unit, process II shs 44 per unit process III sh 65 per unit. There were no stocks of raw materials or work in progress at the beginning or end of the month.
The output of each process passes directly to the next process and finaly to finished goods inventory. Production overheads is observed by each process on the basis of 50% of the cost of direct labour
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