Fortune Producers manufactures three joint products, JKA, JKB, and JKC and a by- product JJD, all in a single process. Results for July are as follows: Materials used Conversion cost .10,000 kgs., P24,000 28,000 Output Kilograms 4,000 3,000 1,000 2,000 Product JKA JKB JKC JJD Sales Value per kg. P11 10 26 1 The revenue from the by-product is credited to the sales account. Process costs are apportioned on a relative sales value approach.
Fortune Producers manufactures three joint products, JKA, JKB, and JKC and a by- product JJD, all in a single process. Results for July are as follows: Materials used Conversion cost .10,000 kgs., P24,000 28,000 Output Kilograms 4,000 3,000 1,000 2,000 Product JKA JKB JKC JJD Sales Value per kg. P11 10 26 1 The revenue from the by-product is credited to the sales account. Process costs are apportioned on a relative sales value approach.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
What is the unit cost of product JKA?
![product JJD, all in a single process. Results for July are as follows:
Fortune Producers manufactures three joint products, JKA, JKB, and JKC and a by-
Materials used.
Conversion cost
.. 10,000 kgs., P24,000
28,000
Output
Kilograms
4,000
3,000
1,000
2,000
Sales Value per kg.
P11
Product
JКА
JKB
JKC
JJD
10
26
1
The revenue from the by-product is credited to the sales account. Process costs are
apportioned on a relative sales value approach.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fde520607-e6d6-4166-beaf-5ffa5194f01b%2F5a7dbf33-20b8-4a7a-b838-5cb77aba7a51%2Fsn9w4yq_processed.png&w=3840&q=75)
Transcribed Image Text:product JJD, all in a single process. Results for July are as follows:
Fortune Producers manufactures three joint products, JKA, JKB, and JKC and a by-
Materials used.
Conversion cost
.. 10,000 kgs., P24,000
28,000
Output
Kilograms
4,000
3,000
1,000
2,000
Sales Value per kg.
P11
Product
JКА
JKB
JKC
JJD
10
26
1
The revenue from the by-product is credited to the sales account. Process costs are
apportioned on a relative sales value approach.
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