Process costing

Anuj Jain (pqr)     08 October 2012

Anuj Jain
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in process costing we calculate normal loss as follows  {opening wip + units introduced ) x 10 % but i think that it shouls be calculated on units introduced only not on opening wip as it is subjected to normal loss previously only. similarly we can see that here wwhen we apply % of normal loss on units introduced  it means that closing wip which will be the part of unitsintroduced shall be subjected to normal loss and in next period when we calculate normal loss on   { opening wip + units introduced } x 10 % will leads to 2 times application of normal loss on wip.   please make it clear............


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