ACCA MA Syllabus C. Cost Accounting Techniques - Process accounts & losses and gains - Notes ^{11 / 17}

Process accounts where losses and gains are identified at different stages of the process

What happens if the losses do not occur at the end of the process (as we have seen till now) but part way through a process?

In this case, equivalent units must be used to assess the extent to which costs were incurred at the time at which the loss was identified