Question
Juno Ltd. manufactures three separate products Q, R, and S from a joint production process . During March, the joint costs of processing were $875,000.
Juno Ltd. manufactures three separate products Q, R, and S from a joint production process . During March, the joint costs of processing were $875,000. Production and sales value information for the month were as follows:
product units produced final sales value/unit separable costs
Q 42000 18 190000
R 68000 32 720000
s 35000 26 210000
Determine the amount of joint cost allocated to each product if the constant gross margin percentage NRV method is used.
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
