P12-3 Chicago Company produces products A, B, C, and D. The joint processing cost forAugust 2015 production cycle was to P240,000.No. of unitsproduced18,000WeightfactorJointPrice atproductssplit-offA1.50P42.0060,0001.30P36.0030,0001.20P18.0012,0000.75P12.00Required: Allocate the joint costs to four products using the following method:а.Physical outputWeighted averageSales value at split-off pointb.C.

Total joint processing cost=240000 In physical output method:- Total units…

P12-3 Chicago Company produces products A, B, C, and D. The joint processing cost for August 2015 production cycle was to P240,000. Weight factor Joint No. of units Price at produced 18,000 products split-off A 1.50 P42.00 60,000 1.30 P36.00 30,000 1.20 P18.00 12,000 0.75 P12.00 Required: Allocate the joint costs to four products using the following method- a. Physical output Weighted average Sales value at split-off point b. C.

P12-3 Chicago Company produces products A, B, C, and D. The joint processing cost for August 2015 production cycle was to P240,000. Weight factor Joint No. of units Price at produced 18,000 products split-off A 1.50 P42.00 60,000 1.30 P36.00 30,000 1.20 P18.00 12,000 0.75 P12.00 Required: Allocate the joint costs to four products using the following method- a. Physical output Weighted average Sales value at split-off point b. C.

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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am. 113.
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