1.Assume loss are normal loss,Prepare the Production Report
2.Assume loss are abnormal loss,Prepare the Production Report Requirement: Prepare the production report Requirements: 1. Prepare the production report 2. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 50% stage of completion and the inspection point and the remaining 30% is added at the end of the production. Prepare the production report 3. Assume normal spoilage of 5% is discovered at inspection point wherein inspection point is @ 70% stage of completion and the inspection point and the remaining 30% is added at the end of the production. Prepare the production report 50% stage of completion and 70% of materials is added after production report 70% stage of completion and 70% of materials is added after production report