please answer at least i and ii.

Question 2 (a) A, B and C are joint products that are processed further beyond the split-off point. The further processing costs can be traced to the joint products, and after such processing the joint products are sold. The following information is available for the last period: Page 1 of 4 Jan. - Apr. 2022 Final Examination BB215 Managerial Accounting No opening inventories. Total joint production costs were RM150,000. Product Output and sales units Sales price per unit Further process costs A 12,000 RM24 RM15,000 6,000 RM20 RM10,000 2,000 RM18 RM 8,000 Required: (i) Compute the joint production costs apportioned to Products A, B and C using the physical measures and net realizable value methods. Compute also the gross profit earned by each of these products using the aforementioned methods. (14 marks) (ii) Which of the two methods is more appropriate when allocating joint costs to products? Justify your answer. (4 marks) (b) Distinguish between joint products and by-products. Describe briefly, an example of an industry that produces both joint and by-products, clearly identifying its joint products and by-products. (7 marks)