Two products (W and X) are created from a joint process. Both products can be sold immediately after split-off.There are no opening inventories or work in progress.The following information is available for last period:Total joint production costs $776 160

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) $68,992(b) $70,560(c) $76,032(d) ?77,616

Transcribed Image Text:

Production Selling price per unit Sales units Product units $10 12000 10000 8000 $12 10000