The meadows Company produced three joint.products at a joint cost of P132,000.Additional information for a recent period is as follows:ProductUnits producedSales valueSales value and additionalProcessing if ProcessedAdd'l CostsP19,80015,40011,000At split-off13,2008,8004,400P88,00077,00055,000Sales ValueP121,00099,00066,000Required: Allocate joint costs using:1. Sales value at split-off2. Physical unitsABC

Joint process is a process where manufacture of one product creates other product. Joint cost is the…

The meadows Company produced three joint.products at a joint cost of P132,000. Additional information for a recent period is as follows: Product Units produced Sales value Sales value and additional Processing if Processed Sales Value P121,000 99,000 66,000 At split-off 13,200 8,800 4,400 P88,000 77,000 55,000 Add'l Costs P19,800 15,400 11,000 Required: Allocate joint costs using: 1. Sales value at split-off 2. Physical units ABC

The meadows Company produced three joint.products at a joint cost of P132,000. Additional information for a recent period is as follows: Product Units produced Sales value Sales value and additional Processing if Processed Sales Value P121,000 99,000 66,000 At split-off 13,200 8,800 4,400 P88,000 77,000 55,000 Add'l Costs P19,800 15,400 11,000 Required: Allocate joint costs using: 1. Sales value at split-off 2. Physical units ABC

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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The joint costs allocated to product Y were
None
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5
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