2. British Co. recovers three products from a joint process in October 20xx, the joint costs amounted to P 250,000. Other data follow: Quantities After Split-off costs Ultimate market value W-1 3,000 P 50,000 150,000 W-2 4,000 P 75,000 275,000 W-3 3,000 126 P 125,000 225,000 Using the market value method of joint cost allocation, production costs of W-1, W-2 and W- 3, respectively, are?

2. British Co. recovers three products from a joint process in October 20xx, the joint costs amounted to P 250,000. Other data follow: Quantities After Split-off costs Ultimate market value W-1 3,000 P 50,000 150,000 W-2 4,000 P 75,000 275,000 W-3 3,000 126 P 125,000 225,000 Using the market value method of joint cost allocation, production costs of W-1, W-2 and W- 3, respectively, are?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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