PLEASE ANSWER ASAP. I REALLY NEEED HELP Chapter 11 Joint Products and By-ProductsMULTIPLE CHOICELee Co. produces two joint products, Bex and Rom. Joint production costs for June,2016 were P 30,000. During June, 2008, further processing costs beyond the split offpoint needed to convert the products into salable form, were P 25,000 and P 35.000for 1.600 units of Bex and 800 units of Rom, respectively. Bex sells for P 50 per unit,and Rom sells for P 100 per unit. Lee uses the net realizable value method forallocating joint product costs.1. For June, 2016, the joint costs allocated to product Bex wereP 20,0009.b. P 16,500C P 13,500d. P 10,000Life Co. manufactures products X and Y from a joint process that also yields a by-product, Z. Revenue from sales of Z is treated as a reduction of joint costs.Additional information isaş follows:Units producedJoint costsSales value at split-offX20,000PRODUCTSY20,000?.P150,000?P300,000Joint costs were allocated using the sales valuecosts wer2. The joint costs allocated to product X were:P. 75,0009.P 100,000b.C. P 150,000d. P 168,000UNITSPRODUCT PRODUCEDK1,000W1,500Z500Z10,000?P 10,000-off method.TOTAL50,000P 262,000P 460,000Lane Co. produces main products K and W. The process also yields by-product Z.Net realizable value of by-product Z is subtracted from joint production cost of K andW. The following information pertains to production in July, 2008 at a joint cost of P54,000.IF PROCESSED FURTHERMARKET VALUE40,000PL 35.0007,000COST AFTER SPLIT-OFFP 003,000

Hi student Since there are multiple questions, we will answer only first question. Joint products…

MULTIPLE CHOICE Lee Co. produces two joint products, Bex and Rom. Joint production costs for June, 2016 were P 30,000. During June, 2008, further processing costs beyond the split off point needed to convert the products into salable form, were P 25,000 and P 35.000 for 1,600 units of Bex and 800 units of Rom, respectively. Bex sells for P 50 per unit, and Rom sells for P 100 per unit. Lee uses the net realizable value method for allocating joint product costs. 1. For June, 2016, the joint costs allocated to product Bex were 9. P 20,000: b. P 16,500 C P 13,500 d. P 10,000 MON

MULTIPLE CHOICE Lee Co. produces two joint products, Bex and Rom. Joint production costs for June, 2016 were P 30,000. During June, 2008, further processing costs beyond the split off point needed to convert the products into salable form, were P 25,000 and P 35.000 for 1,600 units of Bex and 800 units of Rom, respectively. Bex sells for P 50 per unit, and Rom sells for P 100 per unit. Lee uses the net realizable value method for allocating joint product costs. 1. For June, 2016, the joint costs allocated to product Bex were 9. P 20,000: b. P 16,500 C P 13,500 d. P 10,000 MON

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Im having an issue with this problem. Thank you!
You guys provided me an expert answer? Cuz the table for the part 1 of the p missing as well on volum PR what do i enter? and the part 2 has a table but c utilized.
only answer d now please
Please send me answer as soon as possible
I need to know how to find FIFO
please explain how come you come up with step 3 and Im so confused about the numbers, I'm so sorry I'm not good with math. thank you for your understanding!
I NEED HELP ! PLEASEEE
How does someone set up an RRSP account? What is an RRSP
4. Explain Ted's strategy to justify his request and include a list of items Ted might ask for?
How do you find yeild to call?
Can someone please show me how to do this?
Hi, thanks for your help. PLease how to obtain YTM without excel and mathematical calculator. i really need to know how to obtain YTM manually to understand the question. Many thanks