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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:Owen Company produces four products, which have a manufacturing cosy of
P217,000 at the split-off point. Data pertaining to these products are as follows:
ob
Product
Market value
g At split-off
Units produced
Weight factor
3.0
A
P4.00
Ioleyiq 20,000
bod 32,000
36,000
24,000
1.75
5.5
C
3.0
5.0
2.75
6.0
Required: Allocate the joint cost using
1. Market Value Method
2. Average units cost method
3. Weighted average method
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