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Miller Company manufactures three products, A,B and C from a joint process. The joint cost for January totaled Rs. 100,000. Additional January information follows Product
Miller Company manufactures three products, A,B and C from a joint process. The joint cost for January totaled Rs. 100,000. Additional January information follows
Product Quantity Processing Cost after Split-Off Ultimate Market Value
A 3,000 Rs. 20,000 Rs. 60,000
B 4,000 Rs. 30,000 Rs. 110,000
C 3,000 Rs. 50,000 Rs. 90,000
Required:
1. Compute the total production cost for each product using average unit cost method.
2. Compute the total production cost for each product using the market value method
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