a) WIP (main) 500,000 Prod. X Prod.

Y
Various 500,000 FSV/u 15 16
Take up total joint cost APC/u 2.6 1.2
SV@SO 12.4 14.8
BP inventory 6,800 10,000 12,000
Various 6,800 Total NRV@SO 124,000 177,600
Charge APC & cost to sell of BPs to BP Inventory Sharing 0.4111405836 0.58885942
Share on JC 205,570.29 294,429.71
Cash 18,600 APC 26,000 14,400
BP inventory 6,800 Total cost 231,570.29 308,829.71
Other income 11,800
Sale of byproducts

WIP (main) 40,400

Various 40,400
Take up APC of main products

Cash 342,000
Sales 342,000
Sale of main products

Expenses 21,300
Various 21,300
Take up cost to sell of main products

b) WIP (main) 500,000 Bp A

Various 500,000 FSV/u 24
Take up total joint cost APC/u 4.4
CTS after add'l process/u 3.2
BP inventory 11,800 NRV 16.4
WIP (main) 11,800 500
Take up NRV as BP Inventory; reduce WIP main 8200

BP inventory 6,800 Prod. X

Various 6,800 FSV/u 15
Charge APC & cost to sell to of BPs to BP Inventory APC/u 2.6
SV@SO 12.4
Cash 18,600 CTS@SO 1.32
BP inventory 18,600 NRV@SO 11.08
Sale of byproducts 10,000
Total SV @SO 110,800
WIP (main) 40,400 % share 39.13535%
Various 40,400 Share on JC 191,058.77
Take up APC of main products

Cash 342,000
 Sales 342,000
Sale of main products

Expenses 21,300
Various 21,300
Take up cost to sell of main products

c) WIP (main) 500,000 Bp A Bp B

Various 500,000 FSV/u 24 11
Take up total joint cost APC/u 4.4 3
CTS after add'l process/u 3.2 2
BP inv 7,480 Profit/u 6 2.2
WIP (main) 7,480 10.4 3.8
Take up cost of byproducts; reduce WIP main Units 500 600
Cost of BPs 5200 2280
BP Inv 6,800
Various 6,800
Charge APC & cost to sell to of BPs to BP Inventory
Prod. X Prod. Y
Cash 18,600 FSV/u 15 16
BP Inv 14,280 CTS after add'l process 1.47 0.55
Other income 4,320 NRV 13.53 15.45
Sale of byproducts 10,000 12,000
Total NRV 135,300 185,400
WIP (main) 40,400 % share 42.18896% 57.81104%
Various 40,400 Share 207,789.07 284,730.93
Take up APC of main products

Cash 342,000
Sales 342,000
Sale of main products

Expenses 21,300
Various 21,300
Take up cost to sell of main products
 Legend:
FSV Final sales value (can be total or per unit)
APC Add'l processong cost (can be total or per unit)
SV@SO Sales value at split-off
301,600 May be directly given
If not given, it is estimated and is referred to as 'approximate SV@SO'
500,000 "Approximate SV@SO" = FSV less APC
Usually, approximate SV@SO is used
CTS Cost to sell (can be at split-off or after additional processing
NRV Net realizable value after additional processing (FSV less cost to sell after additional process
NRV@SO Net realizable value at split-off (FSV less APC less cost to sell at split-off)

Bp B
11
3
2
6
600
3600

Prod. Y
16
1.2
14.8
0.44
14.36
12,000
172,320 283,120
60.86465% BPs JC
297,141.23 488,200 11,800 500,000
 7480
500,000
492,520 JC to be shared by main products

320,700

492,520
sell after additional processsing)
 96,000
14,000
10,000
120,000 Total joint cost

A B C
Sales 30,000 96,000 141,750
Units sold 20,000 30,000 45,000
SP/u 1.5 3.2 3.15

Units sold 20,000 30,000 45,000

End. Inv 10,000 0 15,000
Produced 30,000 30,000 60,000
SP/u 1.5 3.2 3.15
FSV 45,000 96,000 189,000
APC 0 28,500 76,500
45,000 67,500 112,500 225,000
% share 0.2 0.3 0.5

share on JC 24,000 36,000 60,000 120,000

APC 28,500 76,500
Total cost 24,000 64,500 136,500