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QUESTION 3 60 point Question Three (60 marks) Smart Enterprises buys MAIN Product, and at the end of processing the MAIN Product splits off into Products A, B, and C. During March 2020, the joint costs of processing were AED 920,000. Production and sales value information for the March is as follows: Product No. of units sold > B 24,000 units 15,000 units 21,000 units Selling price at Split-off point 400,000 250,000 350,000 If Processed Further Additional Final Sales costs value 18,000 450,000 22,000 430,000 20,000 380,000 Required: (Show calculations) 1- Calculate the joint costs allocated to each product if the company uses the estimated net realizable value method (NRV)? (30 marks) 2. If the company uses the physical quantity method for allocating the joint costs, calculate the gross margin for each product assuming that the products will be sold at the split off point? (30 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac), BI V S Paragraph Arial 10pt A 2 Q6F==E X *, & T The 1 " 2 38 E ) 111 I. X X ta