QUESTION 3 Sizwe Ltd manufactures joint products Green, Blue, and Red. The following Information applies to...

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QUESTION 3 Sizwe Ltd manufactures joint products Green, Blue, and Red. The following Information applies to Sizwe Ltd for the month of November 2023 Products Production Sales Joint costs Further processing Selling price per unit Green units 6 000 4.000 REQUIRED: Green R42 000 R20 Blue units 8 000 6 500 Blue 0 R30 000 R30 Red units 4 000 3 000 Red R40 000 R15 (32 marks) Additional information: The company uses the First in First out ("FIFO") method to value inventory. 3,1 Calculate the joint cost per unit using the sales value method. Total R90 000 R11 200 (11 marks) 3.2 By using the net-realisable value method: 3.2.1 Calculate the joint cost per unit. (11) 3.2.2 Calculate the total cost of closing inventory for each product Green, Blue, and Red. (10 marks) QUESTION 3 Sizwe Ltd manufactures joint products Green, Blue, and Red. The following Information applies to Sizwe Ltd for the month of November 2023 Products Production Sales Joint costs Further processing Selling price per unit Green units 6 000 4.000 REQUIRED: Green R42 000 R20 Blue units 8 000 6 500 Blue 0 R30 000 R30 Red units 4 000 3 000 Red R40 000 R15 (32 marks) Additional information: The company uses the First in First out ("FIFO") method to value inventory. 3,1 Calculate the joint cost per unit using the sales value method. Total R90 000 R11 200 (11 marks) 3.2 By using the net-realisable value method: 3.2.1 Calculate the joint cost per unit. (11) 3.2.2 Calculate the total cost of closing inventory for each product Green, Blue, and Red. (10 marks)

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31 Calculate the joint cost per unit using the sales value method Total joint costs R90000 Total sal... View the full answer