When normal losses are charged to good output a special journal entry is required to account for costs related to spoiled units.

Name: When normal losses are charged to good output a special journal entry is required to account for costs related to spoiled units.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Normal losses are anticipated and factored into the cost of good output through the costing process, and do not require a special journal entry for spoiled units; they are absorbed by the remaining good units' cost.

When Normal Losses Are Charged to Good Output a Special