Konyana $($Pty$)$ Ltd $("$Konyana$")$ is a company that raises, slaughters, and sells lamb meat

to the butcheries in and around Soweto in Gauteng. Konyana is a family$-$owned business

which was started by the Mohlakeng family in $1999.$ The financial year$-$end is $31$ August

each year.

The meat production process of Konyana products follows a joint process, and therefore,

joint costing is used to cost the lamb meat products. The products undergo further

processing after a split$-$off point. The joint costs are allocated using the physical measures

method. The lamb meat products are the Forequarter, Hindquarter, and Loin. The

Forequarter: the neck, shoulder, front legs, and the ribs up to the shoulder blade. The

Hindquarter: the rear legs and hip. The Loin: part between hipbone and last rib.

The financial information for the month of August $2024$ is as follows:

Joint Products:

In August, the products were manufactured at a total joint cost of R$5800000.$

Further processing of joint products:

Sales $($neither opening nor closing inventory is kept$)$:

By$-$Product:

The residual products, namely the hide, intestines, and wool are the by$-$products. These

products have a regular market. For the month of August, the net realisable value of these

by$-$products was R$800000.$