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tegrity Manufacturing Company makes three products that can either be sold or processed further and then sold.  The cost associated with the Bacolod joint process is 240,000.                             Units       SP at split off     Separable cost   Final SP 101                  15,000          6.00                 2.00                    8.50 202                  20,000           4.00                  1.00                     6.00 303                  25,000           4.00                  1.50                     5.50 Per unit, Product 101 weighs 3 ounces, Product 202 weighs 2 ounces, and Product 303 weighs 3 ounces.   The joint cost allocated to Product 103 using weight in allocating joint co

tegrity Manufacturing Company makes three products that can either be sold or processed further and then sold.  The cost associated with the Bacolod joint process is 240,000.                             Units       SP at split off     Separable cost   Final SP 101                  15,000          6.00                 2.00                    8.50 202                  20,000           4.00                  1.00                     6.00 303                  25,000           4.00                  1.50                     5.50 Per unit, Product 101 weighs 3 ounces, Product 202 weighs 2 ounces, and Product 303 weighs 3 ounces.   The joint cost allocated to Product 103 using weight in allocating joint co

FINANCIAL ACCOUNTING
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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Integrity Manufacturing Company makes three products that can either be sold or processed further and then sold.  The cost associated with the Bacolod joint process is 240,000. 

                           Units       SP at split off     Separable cost   Final SP

101                  15,000          6.00                 2.00                    8.50

202                  20,000           4.00                  1.00                     6.00

303                  25,000           4.00                  1.50                     5.50

Per unit, Product 101 weighs 3 ounces, Product 202 weighs 2 ounces, and Product 303 weighs 3 ounces.
 
The joint cost allocated to Product 103 using weight in allocating joint cost is
 
A.150,000
B. 240,000
C. 67,500
D. 112,500
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