Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available: Using the market value method, the joint cost apportioned to each product will be:  A. A – P22,652; B – P13,843; C – P13,335 B. A – P19,995; B – P19,014; C – P10,821 C. A – P22,440; B – P16,005; C – P11,385 D. A – P24,357; B – P14,885; C – P10,588

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 13PA: Grainger Company produces only one product and sells that product for $100 per unit. Cost...
icon
Related questions
Question

Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available:

Using the market value method, the joint cost apportioned to each product will be: 

A. A – P22,652; B – P13,843; C – P13,335

B. A – P19,995; B – P19,014; C – P10,821

C. A – P22,440; B – P16,005; C – P11,385

D. A – P24,357; B – P14,885; C – P10,588

A
B
Units produced
Processing costs after split off
Units sold
8,500
P10,200
8,400
P6
9,700
P19,400
9,700
P5
6,900
P6,900
6,400
P4
Ultimate selling price per unit
There were no beginning inventories, and joint cost data during the month amounted to
P49,830. Using the market value method, the joint cost apportioned to each product will
be
Transcribed Image Text:A B Units produced Processing costs after split off Units sold 8,500 P10,200 8,400 P6 9,700 P19,400 9,700 P5 6,900 P6,900 6,400 P4 Ultimate selling price per unit There were no beginning inventories, and joint cost data during the month amounted to P49,830. Using the market value method, the joint cost apportioned to each product will be
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Decision to Sell before or after additional processing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning