method of apportionment.
(c) Prepare a profit statement for the joint products.
Polly Co operates a process costing system, the final output from which is three different products: Bolly, Dolly and Folly. Details of the three products for March are as follows.
Bolly Dolly Folly
Selling price per unit $25 $18 $32
Output for March 6,000 units 10,000 units 4,000 units
22,000 units of material were input to the process, costing $242,000
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