Reference no: EM132605975

Charleville operates a continuous process producing three products and one by-product. output from the process for a month are as follows:

Product                   selling price per unit              Units of output from process

1                                   $18                                  10,000

2                                      $25                              20,000

3                                      $20                                  20,000

4 (by-product)                      $2                                     3,500

Total joint costs were                                                  $277,000.

Question 1: What was the unit cost valuation for product 3 using the sales revenue basis for allocating joint costs assuming that the revenue receivable from the by-product is deducted from the joint costs?