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    Business
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    Cost Accounting
  4. Exam
    Exam 18: Spoilage, Rework, and Scrap
  5. Question
    Companies Calculate the Units of Abnormal Spoilage and Record the Cost
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Companies Calculate the Units of Abnormal Spoilage and Record the Cost

Question 36

Question 36

True/False

Companies calculate the units of abnormal spoilage and record the cost in the Loss from Abnormal Spoilage account, which appears as a separate line item in an income statement.

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