c) Other information There are no opening stocks. Variable selling (distribution) expenses: 2% on the sales of products Premium stoppers and Cork stoppers and also of by-product Cork waste Administrative expenses: 6 700 Regarding June/N, it is required: 1. Prepare the diagram of the production process, identifying and characterizing in short the production regime of the company; 2. Ascertain the value of the joint costs to allocate to Cork waste; 3. Ascertain the unit manufacturing cost of the Premium stoppers and Cork stoppers, using the net realizable value method; 4. Prepare the Profit and Loss Statement per Functions and per Product, according to the available data.

CORK company produces the main products Premium stoppers and Cork stoppers and also the by-product Cork waste which is usually marketed. The production process consists essentially of the following: - The Cork planks is cooked and cut at section Conversion. At this stage and under a regime of joint production, the following intermediate products are obtained: Cork pieces of 1st quality and Cork pieces of 2nd quality. - Next, the intermediate products go to Section Drilling, giving rise to the product Premium stoppers and Cork stoppers. - The by-product Cork waste is directly marketed (not stored in FPW), only causing specific selling (distribution) expenses; - Finally, Premium stoppers and Cork stoppers move to the section of Packing (100 units per bag) and then to the Finished Products Warehouse before being marketed. - The costs with FPW are allocated, according to the quantities of Premium stoppers and Cork stoppers produced 0,5 per bag; Regarding June/N the following data are known: a) Sales and stocks b) Monthly Costs - The consumption of material Cork planks are 194.750Kg at 0,75/Kg. c) Other information - There are no opening stocks. - Variable selling (distribution) expenses: 2% on the sales of products Premium stoppers and Cork stoppers and also of by-product Cork waste - Administrative expenses: 6700 Regarding June/ N, it is required: 1. Prepare the diagram of the production process, identifying and characterizing in short the production regime of the company; 2. Ascertain the value of the joint costs to allocate to Cork waste; 3. Ascertain the unit manufacturing cost of the Premium stoppers and Cork stoppers, using the net realizable value method; 4. Prepare the Profit and Loss Statement per Functions and per Product, according to the available data