Mathematics · Cost Accounting
In a process where there is no work-in-progress, two joint products (J and K) are created. Information relating to last month is as follows: Product J: Sales = 6,000 units, Opening Inventory = 100 units, Closing Inventory = 300 units Product K: Sales = 4,000 units, Opening Inventory = 400 units, Closing Inventory = 200 units 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?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$68,200✓
- 2$66,000
- 3$64,000
- 4$63,800
Correct answer
$68,200
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