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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?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
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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. • P5.72
b. • P5.61
c. • P5.50
d. • P5.20
Materials used - 10,000 kg. P24,000 Conversion cost 28,000 Output Kilos Sales Value per kilo P11 Product ЈКА 4,000 3,000 1,000 2,000 JKB 10 JKC 26 JJD 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. P24,000 Conversion cost 28,000 Output Kilos Sales Value per kilo P11 Product ЈКА 4,000 3,000 1,000 2,000 JKB 10 JKC 26 JJD 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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