Reference no: EM132753886
Question - A company produces three products, Y1, Y2, and Y3 in the same process. The data below reflects average monthly results:
Y1 Y2 Y3
Monthly output (kg) 40,000 20,000 20,000
Sales Value at split off (shs.) 0 30,000 105,000
Sales Value after Split off 45,000 100,000 155,000
Costs of further processing 20,000 40,000 65,000
The joint costs were Shs.100,000
Required - Allocate the joint cost using the three methods used to allocate joint costs.
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