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Dear sir
I’m referring to the question 8b.1 of the bpp kit .Here in the question it’s shown that the closing inventory is valued at $3000 , but could you please guide me on how could they possibly arrive at $3000 ?
And what is the value of closing inventory in that question in units ?
( this is for My additional knowledge dear sir thank you )
The closing inventory is given in the question as being $3,000. It is the closing inventory of what remains in the joint process (not the inventories of P and Q).
The inventories of P are 1,000 units less than they were at the start of June. The inventories or Q are 1,000 more than they were at the start of June.
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