Q4. JKL Company processes a direct material and produces three products: P1, P2, and P3. The joint costs of the three products in 2018 were SAR 120,000. The total number of units for each product and the selling price per unit is given below: (4 Marks)

Product Units Selling Price per unit P1 55,000 SAR 70 P2 34,500 SAR 58 P3 10,500 SAR 44

You are required to use the physical volume method and sales value at the split-off method to allocate the joint costs to each product. (Chapter 9)