Solved by Expert Tutors
Solved by Expert Tutors
Question

# note: kindly show every step.

gmestion: 4 Berger Paint Pakistan limited produces three types of joint products, Silver paint, Golden paint and Diamond paint. During March, 2020, the following information was recorded: Particulars ‘ Silver Paint Golden Paint Diamond Paint Total Costs ‘
Joint materials costs | — — — Rs 960,000 |
Joint direct costs | 555,000
Joint factory costs | 490,000
Separable costs | Rs 150,000 Rs 170.000 Rs 190,000 | 550,000 |
Production units 2,100 liters 2,500 liters 2,800 liters 7,400 liters
Sales units 1,900 liters 2,200 liters 2,400 liters 6,500 liters
Selling price per liter | Rs 375 Rs 490 Rs 580 _ |
W There was no beginning inventory as on 01f031'2020. R .gnired: i). Compute total cost and unit cost of each type of above product, using the Hypothetical market value method. ii). Compute closing inventory cost of each product and total inventory costs as on 3lf03i’2020. iii). Deﬁne joint products and try—products. Also give logical justiﬁcation to treat any one of joint products as a By—product.

, dictum vitae odio. Donec aliquet. Lorem ipsum dolor s

ongue vel laoreet ac, dictum vitae odio. Donec al

ultrices ac magna. Fusce dui lectus, congue v

itur laoreet. Nam risus ante, dapibus a molestie consequat,

o. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel lao

acinia pulvi

c cing elit. Na facilisis. Pell usce dui ipsum dolo ctum Fusce dui lectus, congue vel laoreet ac, gue vel laoreet a ipiscin icitur et, consectetur ad ipsum dolor sit amet, co a. Fus icitur la

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents