Please show me your solution so I can check if mine's correct. Thank you. ABC Corporation manufactures products W, X,Y, AND Z from a joint process. Additional information is as follows: Sales If processed further UnitsValue atAdditionalSalesProduct ProducedSplit-offCosts ValueW 6,000P 80,000P 7,500 P 90,000X 5,00060,0006,00070,000Y 4,00040,000 4,000 50,000Z 3,000 20,0002,500 30,000Total18,000P200,000 P20,000 P240,000Assuming that total joint costs of P160,000 were allocated using the relative sales value at split- off approach, what joint costs were allocated to each product? W________________ X__________________ Y________________ Z __________________

In the given case, the joint costs are to be allocated using the relative sale value at split off…

Answered: ABC Corporation manufactures products…

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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Please show me your solution so I can check if mine's correct. Thank you.

ABC Corporation manufactures products W, X,Y, AND Z from a joint process. Additional information is as follows:

			Sales	If processed further
	Units	Value at	Additional	Sales
Product	Produced	Split-off	Costs	Value
W	6,000	P 80,000	P 7,500	P 90,000
X	5,000	60,000	6,000	70,000
Y	4,000	40,000	4,000	50,000
Z	3,000	20,000	2,500	30,000
Total	18,000	P200,000	P20,000	P240,000

Assuming that total joint costs of P160,000 were allocated using the relative sales value at split- off approach, what joint costs were allocated to each product? W________________ X__________________ Y________________ Z __________________

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