QUESTION $2$

$2\mathrm{.}1$ Study the information provided below and answer the following question.

INFORMATION

M$\backslash$&M Enterprises, a food processor, produces two products, $\backslash ($ X $\backslash )$ and $\backslash ($ Y $\backslash ),$ from a single joint process. Both products require further processing after the split$-$off point to become saleable. For Product $\backslash ($ X $\backslash ),$ each unit that emerges at the split$-$off point is divided and packaged into two identical units after the addition of extra materials. In contrast, each unit of Product Y is processed further to yield three identical units. There are no opening inventories or work in progress for either product.

The following data is available for the last period:

REQUIRED:

Using the physical unit method for apportioning joint production costs, calculate the total cost of sale for

$(6$ Marks$)$ products X and Y for last period.

$2\mathrm{.}2$ Review the details provided below and answer the following question.

INFORMATION:

Two products $($Alpha and Beta$)$ are created from a joint process at a total joint production cost of R$1,980,000.$ Both products are sold immediately after split$-$off. There are no opening inventories or work in progress. The following information is available for last period:

REQUIRED:

Using the market value method of apportioning joint production costs, determine the Gross profit of both

$(4$ Marks$)$ products.