MIX Inc. is conducting a joint process with results to three products. The following production data were
Fantastic news! We've Found the answer you've been seeking!
Question:
MIX Inc. is conducting a joint process with results to three products. The following production data were provided by MIX Inc. for the current period:
Product name
Units produced
Selling price produced at split off point
Ace
10,000
40
Bat
15,000
20
Can
25,000
12
Additional data for the period provided:
All the Ace items were sold for a gross profit of P100,000
The total cost is allocated using physical method
What is the gross profit/(loss) if all the Bat items are sold in the current year?
Assuming the joint costs are fixed, what is the joint cost allocated a Can items using the revenue sales value method?
Expert Answer:
To calculate the gross profitloss if all the Bat items are sold in the current year we need to deter... View the full answer
Posted Date:
