Reference no: EM132536191

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 prepare process 3 account and joint product profit statement