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Question 1 Ron Chemicals produces four products from a joint process costing A1,750,000 per month. After leaving the joint process, the products must be further
Question 1 Ron Chemicals produces four products from a joint process costing A1,750,000 per month. After leaving the joint process, the products must be further refined before they are salable. You have been provided with the following information: Product Volume Further Processing Costs Selling Price per Unit A-1 15,000 N3,500,000 B-3 25,000 N4,000,000 C-2 10,000 N1,000,000 Q-9 50,000 N250,000 A1800 A400 A200 NO Product Q-9 is a by-product and is treated using the net realizable value method. Required: Show the apportionment of joint costs and compute the profit percentage using the following methods; i. Physical unit ii. Net realizable valueotional sales
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