What was the unit cost valuation for product three

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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?

Reference no: EM132605987

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