Ridgeline Enterprises Produces Three Products in a Joint Process

Essay

Ridgeline Enterprises produces three products in a joint process.Products A and B were processed further.Additional information is as follows:
Required:
(a)Allocate the joint costs,assuming that all products are joint products and joint-costs are allocated using the physical-measures method.(b)Allocate the joint costs using the physical-measures method,assuming that product C is considered a by-product,whose sales value is deducted from the total joint costs.