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A company produces three products, Y1, Y2, and Y3 in the same process.The data below reflects average monthly results: Y1 Y2 Y3 Monthly output (kg)

A company produces three products, Y1, Y2, and Y3 in the same process.The data below reflects average monthly results:

Y1

Y2

Y3

Monthly output (kg)

40,000

20,000

20,000

Sales Value at split off (shs.)

0

30,000

105,000

Sales Value after Split off

45,000

100,000

155,000

Costs of further processing

20,000

40,000

65,000

The joint costs were Shs.100,000

Required

Allocate the joint cost using the three methods used to allocate joint costs.

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