Problem 1. Sheryl Company incurred P100,000 to manufacture the following products in a joint process: Units Produced 1,000 2,000 3,000 4,000 Weight Per unit 4 Ibs. 3 Ibs. 2 Ibs. Product A B SP per unit P10 P20 P20 1 lb. P10 REQUIRED: 1. Allocate the joint cost using the sales value method & weighted average as the basis. 2. Determine the value of ending inventory of C assuming that 500 units are on hand at the end of a period under each two methods.
Problem 1. Sheryl Company incurred P100,000 to manufacture the following products in a joint process: Units Produced 1,000 2,000 3,000 4,000 Weight Per unit 4 Ibs. 3 Ibs. 2 Ibs. Product A B SP per unit P10 P20 P20 1 lb. P10 REQUIRED: 1. Allocate the joint cost using the sales value method & weighted average as the basis. 2. Determine the value of ending inventory of C assuming that 500 units are on hand at the end of a period under each two methods.
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...
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