# Statement of Cost & Apportionment in Process Costing
## Default Assumptions for Incomplete Information
When the question does not specify the degree of completion:
- Abnormal Loss and Abnormal Gain are assumed to be 100% complete for all factors (Material, Labour, Overheads).
- Closing WIP: If the work done is not given for abnormal loss, abnormal gain, or closing stock, always treat them as 100% complete.
## Statement of Cost (Per Equivalent Unit)
The statement of cost is used to compute the cost per equivalent unit for each factor of production.
| Factor | Total Cost (₹) | Eq. Units | Cost per Unit (₹) |
|---|---|---|---|
| Material | Total cost (–) Sale of Normal Loss units | xx | xx |
| Labour | xxx | xx | xx |
| Overheads | xxx | xx | xx |
### Treatment of Sale Value of Normal Loss
1. Only one material is given → Reduce the sale value of normal loss scrap from that material.
2. Two types of material given → Reduce sale value of normal loss only from Material 1.
3. Costs related only to Finished Goods (e.g., packaging) → Add such costs only in the Finished Goods A/c, not in the statement of cost.
## Statement of Apportionment of Cost
Once per-unit cost is found, apportion total cost to Finished Goods, Abnormal Loss and Abnormal Gain:
| Particulars | Factor | Eq. Units | Cost per Unit | Total Cost |
|---|---|---|---|---|
| Finished Goods | Material / Labour / OH | xx | xx | xxx |
| Abnormal Loss | Material / Labour / OH | xx | xx | xxx |
| Abnormal Gain | Material / Labour / OH | xx | xx | xxx |
Each row's three components (M, L, OH) are summed to give the total value of FG, Abnormal Loss and Abnormal Gain respectively.