Mathematics · Joint and By-Product Costing
Two joint products A and B are produced in a process. Data for the process for the last period is 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$3,840✓
- 2$2,880
- 3$4,800
- 4$3,200
Correct answer
$3,840
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