Fundador Inc. makes two products, Wet and Dry, from a joint operating process. For the month of May 2021, the total joint costs of processing was P120,000 and the costs of further processing after the point of split-off, as well as other relevant data, are as follows: The company uses the net realizable value method for allocating the joint costs of processing. For the month of may 2021, the joint costs allocated to product Wet was: A. 60,000 B. 66,000 C. 72,000 D. 80,000

Fundador Inc. makes two products, Wet and Dry, from a joint operating process. For the month of May 2021, the total joint costs of processing was P120,000 and the costs of further processing after the point of split-off, as well as other relevant data, are as follows: The company uses the net realizable value method for allocating the joint costs of processing. For the month of may 2021, the joint costs allocated to product Wet was: A. 60,000 B. 66,000 C. 72,000 D. 80,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 10PA: Clarion Industries produces two joint products, Y and Z. Prior to the split-off point, the company...

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61. Fundador Inc. makes two products, Wet and Dry, from a joint operating process. For the month of May 2021, the total joint costs of processing was P120,000 and the costs of further processing after the point of split-off, as well as other relevant data, are as follows: a. • P60,000 b. • P66,000 c. • P72,000 d. • P80,000