Question MA2.6: The normal loss in process 2 is valued at its scrap value. E...

CIMA Official Learning System Fundamentals of Management Accounting

The normal loss in process 2 is valued at its scrap value. Extracts from the process account and the abnormal gain account for the latest period are shown below

Process 2
	£		£
Opening WIP	1,847	Output to fi nished goods
Conversion costs	14,555	– 5,100 units	22,695
Input materials	6,490	Normal loss -100 units	120
Abnormal gain – 220 units		Closing WIP

Abnormal gain
	£		£
Income statement	A	Process 2	B

The values to be entered in the abnormal gain account for the period are:

A = £ $\boxed{\ \ \ \ \ \ \ \ \ \ \ \ }$

B = £ $\boxed{\ \ \ \ \ \ \ \ \ \ \ \ }$

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