Process costing- joint productForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process costing- joint productThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 6, 2018 at 8:30 pm #466485 nazbeeMemberTopics: 8Replies: 3☆Two products (J and K) are created from a process. There are no opening inventory of finished goods. Joint product costs were $630,000.Product Closing inventory (units) Sales (units) J 1000 11,000 k 4000 24,000Using physical basis for apportionment of joint production costs, what was the value of closing inventory of J?i have worked as follows But didnt get the answer:12/24* $630000= $270000 of J270000/12000= $22.5 per unit cclosing inventory J= 1000*$22.5 = $22500[please help me, where does the fault lies?] August 6, 2018 at 8:48 pm #466493 John MoffatKeymasterTopics: 57Replies: 54646☆☆☆☆☆You have posted the same question in two different forums – I have answered your other posting of the question.Please do not post the same question in different forums.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Process costing- joint product’ is closed to new replies.