Mathematics · Cost Accounting - Joint Product Cost Apportionment
In a process where there is no work-in-progress, two joint products (J and K) are created. Information (in units) relating to last month is as follows: Product J: Sales = 6,000; Opening inventory = 100; Closing inventory = 300 Product K: Sales = 4,000; Opening inventory = 400; Closing inventory = 200 Joint production costs last month were $110,000 and these were apportioned based on the number of units produced. What were the joint production costs apportioned to product J for last month?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$63,800
- 2$64,000
- 3$66,000
- 4$68,200✓
Correct answer
$68,200
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