A company uses process costing to value its output. The following was recorded for the period:
|
Input materials |
2000 units at £4.50 per unit |
|
Conversion costs |
£13 340 |
|
Normal loss |
5% of input valued at £3 per unit |
|
Actual loss |
150 units |
There were no opening or closing stocks:
What was the valuation of one unit of output to one decimal place?
A £11.8
B£11.6
C £11.2
D £11.0