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Discuss a production process for a product that you think would involve spoilage, being sure to address the following points:

1. Describe the product and the production process.

2. Discuss how you would determine the quantity of spoiled units that are normal versus abnormal.

3. Discuss how you would determine the cost of good units, normal spoilage and abnormal spoilage.

4. Discuss potential steps that could be taken to reduce spoilage in your ex.

Accounting Basics, Accounting

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