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(acct301) cost accounting Q1. JKL Company processes a direct material and produces three products: P1, P2, and P3. The joint costs of the three products
(acct301) cost accounting
Q1. JKL Company processes a direct material and produces three products: P1, P2, and P3. The joint costs of the three products in 2018 were SAR 120,000. The total number of units for each product and the selling price per unit is given below:
Product | Units | Selling Price per unit |
P1 | 55,000 | SAR 70 |
P2 | 34,500 | SAR 58 |
P3 | 10,500 | SAR 44 |
You are required to use the physical volume method and sales value at the split-off method to allocate the joint costs to each product.
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