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Process costing- joint product

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process costing- joint product

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 6, 2018 at 8:30 pm #466485
    nazbee
    Member
    • Topics: 8
    • Replies: 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 24,000

    Using 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 J

    270000/12000= $22.5 per unit c

    closing inventory J= 1000*$22.5 = $22500

    [please help me, where does the fault lies?]

    August 6, 2018 at 8:48 pm #466493
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54762
    • ☆☆☆☆☆

    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.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Process costing- joint product’ is closed to new replies.

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