Question # 3 Victory Ltd manufactures three products A, B and C from a joint...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Question # 3
Victory Ltd manufactures three products A, B and C from a joint process. The joint cost amount to Rs.600,000. Additional information is as follows:
Additional cost and market Value if processed further Product Units produced Market value at Additional Market Split of point (Rs.) cost (Rs.) value (Rs.) A 6,000 400,000 90,000 550,000 B 4,000 350,000 70,000 450,000 C 2,000 250,000 50,000 300,000
Required: Total cost of each product using average unit cost method Total cost of each product using market value method.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
