A company manufactures two joint products, P and R in a common process,

Data for month are as follows:

Opening inventory 1,000

Direct materials added 10,000

Conversion costs 12,000

Closing inventory 3,000

1. If costs are apportioned between joint products on a sales value basis, what was the cost per unit of product for P and R?
2. If costs are apportioned between joint products on based output, what was the cost total units of product for P and R?

Product Sales price Production Unit 4,000 6,000 Sales Units 5,000 5,000 P per unit 5 10 IR