Using each of the physical units basis of joint cost apportionment and the sales value basis of apportionment of joint costs, determine the profit or loss for Brian Smith’s Abattoir based on the details that follow. Deal with any problems that arise.

At the end of the primary stage of meat processing, three major products are derived:

for the sake of argument, we can call the three products A, B, and C. The total joint costs of processing the meat amounted to £24,000 for April. The output and sales details relevant to April are:

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Product A Product B Product C 10,000 kg, to be sold at 3.00 per kg 7,500 kg, to be sold at 3.50 per kg 12,500 kg, to be sold at 2.72 per kg