Harmoni Bhd. processes raw material in Department 1 from which come two main products, A and B, and a by-product, C. A is further processed in Department 2, B in Department 3, and C in Department 4. The sales value of the by-product C is used to reduce the joint-cost of the main products, and total sales value at split-off is used to allocate the joint costs. Cost incurred: Product Production: Selling price Dept 1 RM 90,000 A 10,000 kg RM 10.00/kg Dept 2 RM 10,000 7 B 20,000 kg RM 5.00/kg Required: a) Calculate the joint cost of production. Dept 3 RM 8,000 C 10,000 kg RM 2.00 kg Dept 4 RM 10,000 (1 mark) b) Allocate the joint cost and compute the unit production cost of product A and B. (3 marks) c) The ending inventory consists of 5,000kg of B and 1,000kg of C. Compute the value of the ending inventory for B and C. d) Recompute part (b) and (c) using the net realizable value method. (2 marks) (4 marks)