Mathematics · Joint and By-Product Costing
An organisation operates a process that creates two joint products (J and K). Last month, joint costs of $60,000 were incurred and the organisation apportions these to the joint products using the sales value method. Data relating to last month was as follows: Product J: Production = 10,000 litres; Sales = 9,000 litres; Selling price = $2 per litre Product K: Production = 5,000 litres; Sales = 6,000 litres; Selling price = $1 per litre What was the apportionment of joint costs to product K for last month?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1$20,000
- 2$15,000
- 3$48,000
- 4$12,000✓
Correct answer
$12,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Joint and By-Product Costing MCQs →Want more practice questions on Joint and By-Product Costing?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Joint and By-Product Costing