P Ltd. operates a process costing system. The process is expected to lose 20% of input and this can be sold for ₹10 per kg. Inputs for the month of April, 2019 are: Direct material 4,000 kg at a total cost of ₹66,000, Di
CS Executive · Cost and Management Accounting · PYQS · June 2019
P Ltd. operates a process costing system. The process is expected to lose 20% of input and this can be sold for ₹10 per kg. Inputs for the month of April, 2019 are: Direct material 4,000 kg at a total cost of ₹66,000, Direct labour ₹11,120 for the month. There is no opening and closing WIP. Actual output was 3,600 kg. What is the valuation of the output?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Process Costing
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