Question
The Sun Inc. produces four joint products - product A, product B, product C and product D. The joint production cost at split-off point is
The Sun Inc. produces four joint products - product A, product B, product C and product D. The joint production cost at split-off point is $70,000. The data for the month of April is given below:
Product Unites produced Ultimate market value Processing Weight cost after factors per unit split-off ABCD 5,000 $5.50 $1,500 3.0 points 20,000 1.60 3,000 2.0 points 15,000 1.50 2,500 4.0 points 10,000 3.00 5,000 2.5 points
Step by Step Solution
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Step: 1
Answer To allocate the joint production cost among the four joint products we can use the physical units method or the relative sales value method 1 P...
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Step: 2
Step: 3
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
