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Question 2 QUESTION (30 marks) UAE company produces four products namely Black Ocean, Red Ocean, Blue Ocean and White Ocean During the month of Dec

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Question 2 QUESTION (30 marks) UAE company produces four products namely Black Ocean, Red Ocean, Blue Ocean and White Ocean During the month of Dec 2018, the joint processing cost was AED 238,000. The following information is available: Product Units produced Black Ocean Red Ocean Blue Ocean White Ocean 12 000 27 000 15 000 37 000 Additional processing cost in AED 16,000 48,000 27,000 62,000 Selling price at end of process AED 57,000 88,000 55,800 152,000 Required: Compute the cost per unit for each of the products produced by UAE company (Round to two decimal points) A. Assuming the physical quantity method is used B. Assuming the estimated Net Realizable Value Method is used T

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