Two products (W and X) are created from a joint process. Both products can be sold immediately

Question:

Two products (W and X) are created from a joint process. Both products can be sold immediately after spilt-off. There are no opening inventories or work in progress. The following information is available for last period:

Total joint production costs $776 160

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Using the sales value method of apportioning joint production costs, what was the value of the closing inventory of product X for last period?

(a) $68992

(b) $70560

(c) $76032

(d) £77616 (2 marks)
ACCA F2 Management Accounting

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