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If the amount of loss in a manufacturing process is abnormal is it classified as a period cost?
Wiki User
∙ 11y ago
Yes and charged to a separate account, such as Loss from abnormal Spoilage, and are shown as a separate item of expense on the current income. These losses do not become a part of the manufacturing costs trasferred to finished goods and cost of goods sold.
Wiki User
∙ 11y ago
Micah Cañotal Sorian...
Period cost
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