Mathematics · Joint and By-Product Costing
Two products G and H are created from a joint process. G can be sold immediately after split-off. H requires further processing into product HH before it is in a saleable condition. There are no opening inventories and no work-in-progress. The following data are available for the last period: Total joint production costs: $450,000 Further processing costs of product H: $66,000 Production units of G: 345,000 units Production units of HH: 230,000 units Closing inventory of G: 20,000 units Closing inventory of HH: 34,500 units Using the physical unit method for apportioning joint production costs, what was the total cost of the closing inventory of product HH for the last period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$36,900✓
- 2$27,000
- 3$45,000
- 4$33,900
Correct answer
$36,900
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