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Question Three: (25 Marks) ABC company has two joints products, product A and Product B, the following data are collected by the accounting department A

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Question Three: (25 Marks) ABC company has two joints products, product A and Product B, the following data are collected by the accounting department A B $120,000 Joint Costs Separable cost of processing beyond split off point Beginning Inventory Production and Sales (units) Ending Inventory Selling price per unit after processing $40,000 0 10,000 0 $50 $60,000 0 20,000 0 $20 Required: Allocate the joint cost using net realizable value method

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