11. . 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:a. • P5.72b. • P5.61c. • P5.50d. • P5.20 Materials used - 10,000 kg.P24,000Conversion cost28,000Output KilosSales Value per kiloP11ProductЈКА4,0003,0001,0002,000JKB10JKC26JJDThe revenue from the by-product is credited to the sales account. Process costs areapportioned on a sales value method. What was the cost per kilo of JKA for the month?

Cost per kilo of JKA = Total costs allocated to JKA / Output for JKA Total costs to be allocated =…

Materials used - 10,000 kg. Conversion cost P24,000 28,000 Product JKA JKB JKC JJD Sales Value per kilo P11 10 26 1 Output Kilos 4,000 3,000 1,000 2,000 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?

Materials used - 10,000 kg. Conversion cost P24,000 28,000 Product JKA JKB JKC JJD Sales Value per kilo P11 10 26 1 Output Kilos 4,000 3,000 1,000 2,000 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?

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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