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Find the amount of joint cost

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Question - The Laverock Company's joint cost of producing 1000 units of product A, 500 units of product B and 500 units of product C is $ 100,000. The unit sales values of the three products at the split-off point are: A: $20, B: $200, C: $ $160. Ending inventories include 100 units of A, 300 units of B, and 200 units of C.

Required - Find the amount of joint cost that would be included in the ending inventory of the three products

(a) using the market value method.

(b) using the average unit cost method.

Reference no: EM132885644

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