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9. Two products, Alfa and Beta, and a by-product, X, are created from a joint process. Both products and the by-product can be sold immediately
9. Two products, Alfa and Beta, and a by-product, X, are created from a joint process. Both products and the by-product 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: 250.000,00 Product Alfa Product Beta By-Product X Production 12.500 10.000 2.500 Sales 10.000 8.000 2.500 Selling Price 20,00 25,00 2,50 Using the sales value method of apportioning joint production costs, what was the value of the closing inventory of product Alfa for last period
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