PLEASE SHOW YOUR SOLUTIONS. ASAP THANKS. #15 Justine Michelle Company makes two products, A and B. They are initially processedfrom the same materials and then, after split-off, further processed separately.Additional information is as follows:АTotalFinal sales valueJoint cost prior to split-offCost beyond split-offP9,000?P6,000P15,0006,6006,00015. Using the net realizable value approach, compute the assigned joint cost of A and3,0003,000B respectivelyа. Р3,300 and P3,300b. P3,960 and P2,640c. P4,400 and P2,200d. P4,560 and P2,040

Solution : Allocation of Joint Cost - NRV Method Particulars Product A Product B Total Sale…

Justine Michelle Company makes two products, A and B. They are initially processed from the same materials and then, after split-off, further processed separately. Additional information is as follows: A B Total Final sales value P9,000 ? Р6,000 P15,000 6,600 6,000 15. Using the net realizable value approach, compute the assigned joint cost of A and Joint cost prior to split-off Cost beyond split-off ? 3,000 3,000 B respectively a. P3,300 and P3,300 b. P3,960 and P2,640 c. P4,400 and P2,200 d. P4,560 and P2,040

Justine Michelle Company makes two products, A and B. They are initially processed from the same materials and then, after split-off, further processed separately. Additional information is as follows: A B Total Final sales value P9,000 ? Р6,000 P15,000 6,600 6,000 15. Using the net realizable value approach, compute the assigned joint cost of A and Joint cost prior to split-off Cost beyond split-off ? 3,000 3,000 B respectively a. P3,300 and P3,300 b. P3,960 and P2,640 c. P4,400 and P2,200 d. P4,560 and P2,040

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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Can you please solve questions 5-15 of the problem above. Thank you.
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