How to use the sales value method

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A split of point arises immediately after three series of continuous processes. Three products A, B and C arc produced where each product have its significant market value. At the same point product F emerge as a secondary product.

Product             Unit Selling                Price Quantity

                         (RM)                          (Litre)

A                          10.00                     500

B                           15.00                   400

C                            20.00                   300

F                               2.00                   200

Total joint costs are RM 10,000 with input materials at 1,400 gallons. No losses and no partly complete unit arise in the third process.

Question 1: How to use the sales value method to prepare process 3 account and joint products profit statement ?

Reference no: EM132536212

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