Question
Dudal Livestock Ranch keeps variety of livestock that produces a variety of products it sells to its customers. Some of the Dudal products from the
Dudal Livestock Ranch keeps variety of livestock that produces a variety of products it sells to its customers. Some of the Dudal products from the livestock include, meat, wool, sheepskin. The accountant gathered the following information relating to the three products: Products Production Units (kg) Sales units (kg) Selling Prices per unit ($) Further Processing cost ($) Selling costs ($) Meat 14,500 14,250 5.20 1.20 0.45 Wool 6,770 6,750 4.70 1.50 1.10 Sheepskin 8,333 8,111 3.50 0.50 0.35 The total joint costs to for the period for Dudal Ranch was $1,480,200. Required Using the Net Realisable method, apportion the joint costs among the three products.
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