A company manufactures two joint products, P and R in a common process, Data for...
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Accounting
A company manufactures two joint products, P and R in a common process,
Data for month are as follows:
Opening inventory 1,000
Direct materials added 10,000
Conversion costs 12,000
Closing inventory 3,000
- If costs are apportioned between joint products on a sales value basis, what was the cost per unit of product for P and R?
- If costs are apportioned between joint products on based output, what was the cost total units of product for P and R?
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