Question: 10. An organisation operates a process that creates two joint products (J and K). Last month, joint costs of $60,000 were incurred and the
10. An organisation operates a process that creates two joint products (J and K). Last month, joint costs of $60,000 were incurred and the organisation apportions these to the joint products using the sales value method. Data relating to last month was as follows: Product J K Production Sales Selling price litres litres per litre 10,000 9,000 $2 5,000 6,000 $1 What was the apportionment of joint costs to product K for last month? $
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