QUESTION 2 In a process where there are no work in progress stocks, two joint products (J and K) are created Information (in units) relating to last month is as follows Product Sales Opening stock of finished goods Closing stock of finished goods J 6,000 100 300 K 4,000 400 200 Joint process costs last month were $110,000 and these were apportioned to joint products based on the number of units produced What were the joint production costs apportioned to product J for last month (Show your working)

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Question: QUESTION 2: In a process where there are no work-in-progress stocks, two joint products (J and K) are created. Information (in units) relating to last

QUESTION 2:

In a process where there are no work-in-progress stocks, two joint products (J and K) are created. Information (in units) relating to last month is as follows:

Product	Sales	Opening stock of finished goods	Closing stock of finished goods
J	6,000	100	300
K	4,000	400	200

Joint process costs last month were $110,000 and these were apportioned to joint products based on the number of units produced.

What were the joint production costs apportioned to product J for last month? (Show your working)

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