Compute for the gross profit for each product by allocating the joint cost using: [a] market value method, [b]quantitative unit method; [c] average unit cost method; [d] weighted average method
The AB Company produces three joint products, A, N and T. During February, the following information
was recorded:
Product A Product N Product T Total
Joint materials - - - P 5,000
Joint
Separable processing costs P8,000 P 5,000 P2,000 15,000
Output in units 2,000 5,000 3,000 10,000
Kilograms per unit 5 2 3
Sales price per unit @ split off P5.00 P 3.00 P 4.00 -
Index points 2 4 3
Compute for the gross profit for each product by allocating the joint cost using: [a] market value method, [b]quantitative unit method; [c] average unit cost method; [d] weighted average
method
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