Sharif Company produces a number of products from a joint process that costs $10,000 per batch. Information on the output of the batch by product is as follows:

Required:
Classify each product as a joint (or main) product or as a by-product. Explain your rea¬
soning.

Transcribed Image Text:

Number of Units Price per Unit at Split-Off Alpha 1,000 $ 2.00 Beta 2,000 4.50 Gamma 2,500 3.75 Delta 6,000 8.00 Rho 3,000 0.50 Chi 150 0.20 Psi 1,000 0.04 Omega 10 10.00