What is the total Joint Product cost?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Joie Company Manufactures two products R and S, Joie produced 12,000 units of R with an after split-off sales value of P45,000. However, if R were to be processed further, additional cost of P6,000 will be incurred but the sales value will increase to P60,000. Joie produced 6,000 units of S with an after split-off sales value of P30,000. However if S were to be further processed, additional cost of 3,600 will be incurred but sales value will go up to 36,000. Under the relative sales value at split-off approach, the allocation to R from the total product cost is 27,000. What is the total Joint Product cost?

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