i need the answer quickly 2.Gross com. operates a continuous procese producing three products and one by-product. Output from the process for a month was as follows:Selling price per unit$ 18Units of output from process10000Product20000225202000035004 (by-product)Total output costs were $ 277000.What was cost per unit for product( 1 )using the physical measures basis for allocatingjoint cost?2$ 4.5B$ 5.4$5.44$4.55

Lets understand the basics. In Physical measurement of allocating joint cost method, cost are…

2.Gross com. operates a product. Output from the process for a month was as follows: Units of output from process Selling price per unit $ 18 Product 10000 20000 25 20 20000 3 3500 4 (by-product) Total output costs were $ 277000. What was cost per unit for product( 1 )using the physical measures basis for allocating joint cost? 2 $ 4.5 $ 5.4 $5.44 $4.55

2.Gross com. operates a product. Output from the process for a month was as follows: Units of output from process Selling price per unit $ 18 Product 10000 20000 25 20 20000 3 3500 4 (by-product) Total output costs were $ 277000. What was cost per unit for product( 1 )using the physical measures basis for allocating joint cost? 2 $ 4.5 $ 5.4 $5.44 $4.55

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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