Two products G and H are created from a joint process. G can be sold immediately after split-off. H requires further processing before it is in a saleable condition. There are no opening inventories and no work in progress. The following data are available for last period:
??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ????? $
Total joint production costs????????????????????????????????????????????????????????????????????????????????????????????? 384,000
Further processing costs (product H)?????????????????????????????????????????????????????????????????????????? ???159,600
Product?????????????????????????????????????????? Selling price???????????????????????? Sales?????????????????????Production?
????????????????????????????????????????????????????????? ?per unit???????????????????????????? ?Units????????????????????????Units
? G??????????????????????????????????????????????????????$0.84??????????????????????????????? 400,000??????????????????? 412,000
??H??????????????????????????????????????????????????????$1.82??????????????????????????????? 200,000??????????????????? 228.000
Using the physical unit method for apportioning joint production costs, what was the cost value of the closing inventory of product H for last period?