Mathematics · Cost Accounting
Two joint products A and B are produced in a process. Data for the process for the last period are as follows: Product A: Sales = 480 tonnes; Production = 600 tonnes Product B: Sales = 320 tonnes; Production = 400 tonnes Common production costs in the period were $12,000. There was no opening inventory. Both products had a gross profit margin of 40%. Common production costs were apportioned on a physical basis. What was the gross profit for product A in the period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$4,800
- 2$3,840
- 3$2,880✓
- 4$2,304
Correct answer
$2,880
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