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The revenue from the by-product is credited to the sales account. Process costs are apportioned in a relative sales value approach. What is the cost per kilogram of JKA?

The revenue from the by-product is credited to the sales account. Process costs are apportioned in a relative sales value approach. What is the cost per kilogram of JKA?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Joker manufactures three joint products, JKA, JKB and JKC and a by-product JJD, all in a single process. Results for July are as follows: .10,000 kgs $24,000 $28,000 Materials used.. Conversion cost. OUTPUT SALES VALUE per kg $11 $10 $26 $1 KILOGRAMS PRODUCT 4,000 3,000 1,000 2,000 JKA JKB JKC JJD The revenue from the by-product is credited to the sales account. Process costs are apportioned in a relative sales value approach. What is the cost per kilogram of JKA?
Transcribed Image Text:Joker manufactures three joint products, JKA, JKB and JKC and a by-product JJD, all in a single process. Results for July are as follows: .10,000 kgs $24,000 $28,000 Materials used.. Conversion cost. OUTPUT SALES VALUE per kg $11 $10 $26 $1 KILOGRAMS PRODUCT 4,000 3,000 1,000 2,000 JKA JKB JKC JJD The revenue from the by-product is credited to the sales account. Process costs are apportioned in a relative sales value approach. What is the cost per kilogram of JKA?
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