find the NRV of by product B

Check your understanding of what we iearnt in the video lessons by answering the questions below. .J P Pte Ltd (JP) has a joint production process that produces joint product A. joint product B and a lay-product Z. A summary of a recent month's activity at JP is shown below: A B 2 Units produced and sold 60.000 30,000 10.000 Unit selling price at split off 0 6.00 $0.00 $0.25I Additional processing cost . $100000 $400,000 Unit selling price after further processing $8.60 $12.30 1 JP incurs 5 cents per unit to sell 2. The joint production cost incurred was $482,000. The net reelisable value of the by-product is used to reduce the joint production cost before the joint production cost is allocated to the main joint products