QUESTION 2:

In a process where there are no work-in-progress stocks, two joint products (J and K) are created. Information (in units) relating to last month is as follows:

Product	Sales	Opening stock of finished goods	Closing stock of finished goods
J	6,000	100	300
K	4,000	400	200

Joint process costs last month were $110,000 and these were apportioned to joint products based on the number of units produced.

What were the joint production costs apportioned to product J for last month? (Show your working)