Mathematics · Joint Product Cost Allocation
Two products P and Q are created from a joint process and can be sold immediately after split-off. There are no opening inventories or work in progress. The following data is available for the last period: Total joint production costs = $77,800 ProductProduction unitsSales unitsSelling price per unitP12,00010,000$10Q10,0008,000$12 Using the sales value method of apportioning joint production costs, what was the value of the closing inventory of product Q?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$7,780✓
- 2$6,224
- 3$15,560
- 4$38,900
Correct answer
$7,780
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