Joint Products A, B and C are produced by JNT Corp. For the month just ended, these data are available: A B C Units produced 8,500 9,700 6,900 Processing costs after split-off P10,200 P19,400 P6,900 Units sold 8,400 9,700 6,400 Ultimate selling price per unit P6 P5 P4 There were no beginning inventories and joint cost data during the month amounted to P49,830 Assuming the average unit cost method is used in apportioning the joint cost, how much is the cost per unit of production?
Joint Products A, B and C are produced by JNT Corp. For the month just ended, these data are available: A B C Units produced 8,500 9,700 6,900 Processing costs after split-off P10,200 P19,400 P6,900 Units sold 8,400 9,700 6,400 Ultimate selling price per unit P6 P5 P4 There were no beginning inventories and joint cost data during the month amounted to P49,830 Assuming the average unit cost method is used in apportioning the joint cost, how much is the cost per unit of production?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Joint Products A, B and C are produced by JNT Corp. For the month just ended, these data are available:
A B C
Units produced 8,500 9,700 6,900
Units sold 8,400 9,700 6,400
Ultimate selling price per unit P6 P5 P4
There were no beginning inventories and joint cost data during the month amounted to P49,830
Assuming the average unit cost method is used in apportioning the joint cost, how much is the cost per unit of production?
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