month?   A. 5.72 B. 5.61

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Fortune Producers manufactures three joint products, JKA, JKB, and JKC, and a by-product, JJD, all in a single process. Results for the month of July 2021 were as follows:

 

The revenue from the by-product is credited to the sales account. Process costs are appointed on a sales value method. What was the cost per kilo of JKA for the month?

 

A. 5.72

B. 5.61

C. 5.50

D. 5.20

Materials used - 10,000 kg.
Conversion cost
P24,000
28,000
Product
Output Kilos
Sales Value per kilo
JKA
4,000
3,000
1,000
2,000
P11
JKB
JKC
JJD
10
26
1
The revenue from the by-product is credited to the sales account. Process costs are
apportioned on a sales value method. What was the cost per kilo of JKA for the month?
Transcribed Image Text:Materials used - 10,000 kg. Conversion cost P24,000 28,000 Product Output Kilos Sales Value per kilo JKA 4,000 3,000 1,000 2,000 P11 JKB JKC JJD 10 26 1 The revenue from the by-product is credited to the sales account. Process costs are apportioned on a sales value method. What was the cost per kilo of JKA for the month?
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