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Process costing

Step 5 – complete the normal loss (scrap) and abnormal loss accounts

Normal loss (scrap) account
Kg $ Kg $
Process account 100 180 Abnormal gain 50 90
(NL)

Cash/Bank 50 90
–––– –––– –––– ––––

100 180 100 180
–––– –––– –––– ––––

Abnormal gain

Kg $ Kg $
Normal loss 50 90 Process account 50 1,140
(AG)
SoPL 1,050

–––– ––––– –––– –––––
50 1,140 50 1,140

–––– ––––– –––– –––––

Illustrations and further practice

Now try TYU question 3 from Chapter 9

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