Process Costing Part 2 (Man Acc 278): Class 2B (including loss units sold and abnormal gains)

Categories: Process Costing
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About Course

This class continues with Process Costing in an environment with manufacturing losses. We now add the circumstances where the loss units can be sold (for a reduced or ‘scrap’ value), the potential for an abnormal gain and a short-cut method.

What Will You Learn?

  • Understand what to do with the selling value of loss units sold (at a reduced or 'scrap' value)
  • Can there be an abnormal gain and what happens then?
  • How to apply the short-cut method and when is it applicable.

Course Content

Process Costing Part 2: Class 2B

  • Process Costing Part 1_Class 2B Notes
  • Process Costing Part 2_Class 2B Video
    01:20:00

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