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12 Q# 07 Kelp Company produces three joint products with joint cost of $240,000 from seaweed. All the split- off point. Three basic products emerge:
12 Q# 07 Kelp Company produces three joint products with joint cost of $240,000 from seaweed. All the split- off point. Three basic products emerge: Sea Tea, Sea Paste, and Sea Powder. Each of these products can either be sold at the split-off point or be processed further. Pounds Sales value and additional Costs if process further Weight sales value Final sales at split-off Products produced $ $ Sea Tea Sea paste Sea powder Required: 9,000 4,000 2,000 60,000 80,000 70,000 2 2.5 Additional value Cost $ 35,000 50.000 14,000 1,53,000 120,800 61,200 Calculate the total cost of each product using follo methods: 1. Using Average unit cost method 2. Using weighted average cost method 3. Using net realisable sales value method
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