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
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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
$ 18
Units of output from process
10000
Product
20000
2
25
20
20000
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
B
$ 5.4
$5.44
$4.55
Transcribed Image Text: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 $ 18 Units of output from process 10000 Product 20000 2 25 20 20000 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 B $ 5.4 $5.44 $4.55
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