QUESTION 2 (30 marks)

Cola company produces four soda products namely Cola, Lemonade, Mint, and Strawberry. During the month of June 2019, the joint processing cost was AED 600,000.

The following information is available:

Product	Units produced	Additional processing cost in AED	Selling price at end of process AED
Cola Water	40 000	50,000	350,000
Lemonade Water	50 000	40,000	230,000
Mint Water	60 000	20,000	300,000
Strawberry Water	50 000	0	280,000

Required: Compute the cost per unit for Cola, Lemonade, Mint and Strawberry.

(Round to two decimal points if needed):

1. Assuming the physical quantity method is used.
2. Assuming the estimated Net Realizable Value Method is used.