P12-2 Valera Company incurred total joint costs amounting to P102,000 in producing productsA, B, and C. Additional information are provided below:AdditionalProcessingCostsAdjustedMarketMarketDisposalCostsvalue atProducts Units ProducedValuesplit-offP15.00P20,00030,00010,000P60,000АP19.004,0006,00010,000P5,0002,0001,000P8,000В10.0011.008.009.6020,000Required: Calculate the total production cost using:Quantitative or physical unit methoda.b.Sales value at split-off methodC.Net realizable value (or adjusted sales value) method

P12-2 Valera Company incurred total joint costs amounting to P102,000 in producing products A, B, and C. Additional information are provided below: Adjusted Market Additional Market value at Disposal Costs Processing Costs Products Units Produced Value split-off P15.00 A P19.00 4,000 6,000 10,000 20,000 P5,000 2,000 P20,000 30,000 10,000 P60,000 10.00 11.00 9.60 1,000 P8,000 C 8.00 Required: Calculate the total production cost using: Quantitative or physical unit method а. b. Sales value at split-off method C. Net realizable value (or adjusted sales value) method

P12-2 Valera Company incurred total joint costs amounting to P102,000 in producing products A, B, and C. Additional information are provided below: Adjusted Market Additional Market value at Disposal Costs Processing Costs Products Units Produced Value split-off P15.00 A P19.00 4,000 6,000 10,000 20,000 P5,000 2,000 P20,000 30,000 10,000 P60,000 10.00 11.00 9.60 1,000 P8,000 C 8.00 Required: Calculate the total production cost using: Quantitative or physical unit method а. b. Sales value at split-off method C. Net realizable value (or adjusted sales value) method

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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