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mens TREET/ Lecturer's Name (5 marks) treatment for such losses differ. ormal losses using a suitable example, and [Total: 25 Marks] (7 marks) Question 2 (a) Three products (Z1, 22 and 23) are created from a joint production process. All three products can be sold immediately after the split-off point. There are not opening inventories or work in progress. The following data is given for a period: Product Output units Sales units Selling price per unit 21 10,000 8,000 RM12 22 8,000 6,000 RM10 23 6,000 4,000 RM8 The joint production cost incurred is RM650,000. Page 1 of 4 gerial Accounting anned Jan-Apr 2022 Supplementary Examination 88215 Managerial Accounting Required: (15 marks) Compute the joint production costs apportioned to Products 21, 22 and 23 using the physical measures and sales value method. Compute also the value of the closing inventory for all three products using the aforementioned methods. (6 marks) (b) Assume the following information: A company produces joint and by-products. After the by-product is produced (2,000 units), it is further processed at cost of RM2 per unit and sold for RM4 per unit. Show the relevant journal entries for the above information. (c) Highlight TWO (2) main differences between joint products and by-products. (4 marks) [Total: 25 Marks] in company producing a single 7:04 am