Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question # 3 victory ltd manufactures three produc

Question # 3 Victory Ltd manufactures three products A, B and C from a joint...

60.1K

Verified Solution

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!
Become a Member

Other questions asked by students

Q

5 As shown in the diagram below a ladder 12 feet long leans against a...

Geometry
Q

Select the grouping in which all statements are TRUE regarding the rules for naming complexes: I. The...

Chemistry
Q

What does it mean to travel down a concentration gradient? Would it take longer for a...

Biology
Q

characteristics that developed from a common ancestor adaptation that helps an organ ism to blend...

Biology
Q

The circle with center C 2 5 and containing the point P 2 1

Geometry
Q

Question In ANOP T is the centroid If OS 54 find TS Q N S

Geometry
Q

Find the value of the determinant 55 1 1 3 2 133

Algebra
Q

First, you should provide a list of all journal entries that you record...

Accounting
Q

Suppose at the beginning of 2018, Jamaal's basis in his S corporation stock was $31,500...

Accounting
Q

El anlisis de desarrollo de software ayuda en la construccin de un sistema. Discuta el...

Accounting
Q

23 On January 1, Year 1, Travel Company introduced a new product that included a...

Accounting
Q

Clear Lake (CL) Corporation is expected to pay annual dividends of $1.2, $1.44, and $2...

Finance