Subject: Cost Accounting 17. Sergian, Inc. makes two products, Aothing and Cosmetics, from a joint operating process. For themonth of August 2019, the total joint costs of processing was P120,000 and the costs of furtherprocessing after the point of split-off, as well as other relevant data are shown below:Clothing1,600CosmeticsUnits after split-offSales price per unitFurther processing costsThe company uses the net realizable value method for allocating the joint costs of processing. For themonth of August 2019, the joint cost allocated to product Clothing was:a. P60,000800P200P400P100,000P140,000c. P72,000d. P80,000b. P66,000

Under Net realizable value for joint cost allocation, the final sale price is reduced by the further…

Answered: 17. Sergian, Inc. makes two products,…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 13P: Venezuela Oil Inc. transports crude oil to its refinery where it is processed into main products...

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