Question
Charleville operates a continuous process producing three products and one by-product. Output from the process for a month was as follows: Product Selling price per
Charleville operates a continuous process producing three products and one by-product. Output from the process for a month was as follows:
| Product | Selling price per unit | United of output from process |
| 1 | 18 | 10 000 |
| 2 | 25 | 20 000 |
| 3 | 20 | 20 000 |
| 4(by-product) | 2 | 3 500 |
Total output costs were 277 000.
What was the unit valuation for product 3 using the sales revenue basis for allocating joint cost?
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
