ESBA Company produced two joint products A and B, and by-products c and D from the same raw materials with joint costs P200.000. Other information are as follows: Units produced (20.000: 30.000; 5,000 and 5,000): Unit sold (18,000; 25.000: 5,000 and 5.000): Final unit selling prices (P25.00; P20.00; P2.00 and P1.50); Further processing costs (P150,000: P210,000: P5,000 and P4,000); Selling and Administrative expenses (P15.000: P21.000: P500 and P400): Desired profit on C and D (P2.000 and P1,500). If the entity uses average unit costs method in joint products, the reversal costs method in by products and there are no inventory on hand, what is the total net profit? O P432.836 O P438,300 O P438,589 O P439,026

ESBA Company produced two joint products A and B, and by-products c and D from the same raw materials with joint costs P200.000. Other information are as follows: Units produced (20.000: 30.000; 5,000 and 5,000): Unit sold (18,000; 25.000: 5,000 and 5.000): Final unit selling prices (P25.00; P20.00; P2.00 and P1.50); Further processing costs (P150,000: P210,000: P5,000 and P4,000); Selling and Administrative expenses (P15.000: P21.000: P500 and P400): Desired profit on C and D (P2.000 and P1,500). If the entity uses average unit costs method in joint products, the reversal costs method in by products and there are no inventory on hand, what is the total net profit? O P432.836 O P438,300 O P438,589 O P439,026

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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