month? A. 5.72 B. 5.61
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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.
A. 5.72
B. 5.61
C. 5.50
D. 5.20

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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