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An organisation operates a process that creates two joint products (T and V). Product T has a selling price of $20 per litre and product V has a selling price of $60 per litre. Last month joint costs of $600,000 were incurred and the completed production was as follows:
product t: 18,000 litres
product v: 9,000 litresThe organisation uses the sales value method of apportioning joint costs.
they were asking for the joint costs that is apportioned to product v, the answer is $240,000 but what is the solution for the answer?
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