Joint Costs Allocation using the Physical Units Method (Cost Accounting Tutorial #39)

📢 Full course at a special price of only $10.00 found here: https://bit.ly/3m74DZ6 ($39 value). ⌚Timestamps 0:00 - Introduction In this managerial accounting presentation I discuss how we will allocate joint costs using the physical units method. We will prorate the joint costs to the separate joint products for the purpose of valuing our inventory and determining income from each product. We need a method that allocates costs so that each product has a fair allocation of cost and yields a profit. In this case, the physical units method does not seem to yield a profit for both products, which we require. Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-P... Follow us on Twitter:   / notepirate   We appreciate all of the support you have given us. Be a part of the mission to help us reach more students by subscribing, liking and adding the videos to your favorites! * Notepirate is privately owned and exclusive to Notepirate.com.*