Gce Model Questions Vol1 2025 Financial Accounting Question 26

A manufacturing company uses a joint production process to produce Products A and B, and a by‑product C. The total joint cost incurred up to the split‑off point is \(\text{₦}120,000\). At split‑off the data are: - Product A: 5,000 units, estimated selling price \(\text{₦}30\) per unit, further processing cost \(\text{₦}4\) per unit. - Product B: 3,000 units, estimated selling price \(\text{₦}45\) per unit, further processing cost \(\text{₦}6\) per unit. - By‑product C: 2,000 units, estimated selling price \(\text{₦}10\) per unit, further processing cost \(\text{₦}2\) per unit (to be sold as by‑product). Using the net realizable value (NRV) method, allocate the joint cost to Products A and B (the by‑product's NRV is taken as a credit). What is the allocated cost per unit of Product A? Give your answer to two decimal places.