A split of point arises immediately after three series of continuous processes. Three products A, B and C arc produced where each product have its significant market value. At the same point product F emerge as a secondary product.

Product Unit Selling Price Quantity

(RM) (Litre)

A 10.00 500

B 15.00 400

C 20.00 300

F 2.00 200

Total joint costs are RM 10,000 with input materials at 1,400 gallons. No losses and no partly complete unit arise in the third process.

Required:

1. Use the physical measurement method to prepare Process 3 account and joint products profit statement.
2. Use the sales value method to prepare process 3 account and joint products profit statement.
3. Use the net realizable value method to prepare process 3 account and joint products profit statement.