Kapangan Inc. manufactures products R, S and I from a joint process. Additional information follows:RSTOTALUnits8,0004,0002,00014,000Joint Costs??P18,000P120,000Sales value @ split-offFurther Processing costsP120,000??P200,000P14,000P10,000P6,000P30,000Sales value of FGP140,000P60,000P50,000P250,000Using the sale value at split-off, how much is the: joint cost allocated to S?

We need to allocate joint cost on the basis of sale value at split off point. Sale value of split…

Kapangan Inc. manufactures products R, S and T from a joint process. Additional information follows: wwww R ТОTAL Units 8,000 4,000 2,000 14,000 Joint Costs ? P18,000 P120,000 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 P14,000 P10,000 P6,000 P30,000 P140,000 P60,000 P50,000 P250,000

Kapangan Inc. manufactures products R, S and T from a joint process. Additional information follows: wwww R ТОTAL Units 8,000 4,000 2,000 14,000 Joint Costs ? P18,000 P120,000 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 P14,000 P10,000 P6,000 P30,000 P140,000 P60,000 P50,000 P250,000

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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