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Sir,
In this question I am confused which units to take as an output production units or sales units…..?Alpha and Beta are created from a joint process. Both products can be sold immediately after split-off. There are no opening inventories or work-in-progress. The following information is available for the last period:
Total joint production costs $850230
Product Production Units Sales Units Selling Price per unit
Alpha 14000 10000 $10
Beta 15000 12000 $14
Using the sales value method of apportioning joint production costs, what was the value for the closing inventory of product Beta for last period, to the nearest $?
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