Peter Company produces four solvents from the same process: A,B,C and D. Joint product costs are P9,000 ( Round to the nearest peso) Product    Barrels    SP @ Split-Off Pt.         Cost to sell @ Split-off    Separable Cost   Final sales price A               750           P10.00                            P6.50                                   P2.00                    P13.50 B               1,000             8.00                             4.00                                     2.50                       10.00 C               1,400           11.00                             7.00                                     4.00                       15.50 D              2,000           15.00                             9.50                                     4.50                       19.50 If Peter Company sells the products after further processing, the following costs to sell will be incurred: A-P2.50                B-P1.00                C-P3.50                D- P6.00 Using the sales value at split-off point method, what of amount of joint processing cost is allocated to Product A? Group of answer choices b. P2,276.00 a. P4,433.00 c. P1,108.00 d. P1,182.00

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Peter Company produces four solvents from the same process: A,B,C and D. Joint product costs are P9,000 ( Round to the nearest peso)

Product    Barrels    SP @ Split-Off Pt.         Cost to sell @ Split-off    Separable Cost   Final sales price

A               750           P10.00                            P6.50                                   P2.00                    P13.50

B               1,000             8.00                             4.00                                     2.50                       10.00

C               1,400           11.00                             7.00                                     4.00                       15.50

D              2,000           15.00                             9.50                                     4.50                       19.50

If Peter Company sells the products after further processing, the following costs to sell will be incurred:

A-P2.50                B-P1.00                C-P3.50                D- P6.00

Using the sales value at split-off point method, what of amount of joint processing cost is allocated to Product A?

Group of answer choices
b. P2,276.00
a. P4,433.00
c. P1,108.00
d. P1,182.00
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