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Kapangan Inc, manufactures products R, S and T from a joint process. Additional information follows: R ТOTAL Units 8,000 ? 4,000 ? 2,000 P18,000 ? 14,000 P120,000 Joint Costs Sales value @ split-off Further Processing costs Sales value of FG Using the sale value at split-off, how much is the: joint cost allocated to S? P120,000 ? P200,000 P30,000 P250,000 P14,000 P10,000 P6,000 P140,000 P60,000 P50,000

Kapangan Inc, manufactures products R, S and T from a joint process. Additional information follows: R ТOTAL Units 8,000 ? 4,000 ? 2,000 P18,000 ? 14,000 P120,000 Joint Costs Sales value @ split-off Further Processing costs Sales value of FG Using the sale value at split-off, how much is the: joint cost allocated to S? P120,000 ? P200,000 P30,000 P250,000 P14,000 P10,000 P6,000 P140,000 P60,000 P50,000

FINANCIAL ACCOUNTING
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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Using the sale value at split-off, how much is the: joint cost allocated to S?

Kapangan Inc. manufactures products R, S and I from a joint process. Additional information follows: R S TOTAL Units 8,000 4,000 2,000 14,000 Joint Costs ? ? P18,000 P120,000 Sales value @ split-off Further Processing costs P120,000 ? ? P200,000 P14,000 P10,000 P6,000 P30,000 Sales value of FG P140,000 P60,000 P50,000 P250,000 Using the sale value at split-off, how much is the: joint cost allocated to S?
Transcribed Image Text:Kapangan Inc. manufactures products R, S and I from a joint process. Additional information follows: R S TOTAL Units 8,000 4,000 2,000 14,000 Joint Costs ? ? P18,000 P120,000 Sales value @ split-off Further Processing costs P120,000 ? ? P200,000 P14,000 P10,000 P6,000 P30,000 Sales value of FG P140,000 P60,000 P50,000 P250,000 Using the sale value at split-off, how much is the: joint cost allocated to S?
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