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Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available: Using the market value method, the joint cost apportioned to each product will be:  A. A – P22,652; B – P13,843; C – P13,335 B. A – P19,995; B – P19,014; C – P10,821 C. A – P22,440; B – P16,005; C – P11,385 D. A – P24,357; B – P14,885; C – P10,588

Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available: Using the market value method, the joint cost apportioned to each product will be:  A. A – P22,652; B – P13,843; C – P13,335 B. A – P19,995; B – P19,014; C – P10,821 C. A – P22,440; B – P16,005; C – P11,385 D. A – P24,357; B – P14,885; C – P10,588

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available:

Using the market value method, the joint cost apportioned to each product will be: 

A. A – P22,652; B – P13,843; C – P13,335

B. A – P19,995; B – P19,014; C – P10,821

C. A – P22,440; B – P16,005; C – P11,385

D. A – P24,357; B – P14,885; C – P10,588

A B Units produced Processing costs after split off Units sold 8,500 P10,200 8,400 P6 9,700 P19,400 9,700 P5 6,900 P6,900 6,400 P4 Ultimate selling price per unit There were no beginning inventories, and joint cost data during the month amounted to P49,830. Using the market value method, the joint cost apportioned to each product will be
Transcribed Image Text:A B Units produced Processing costs after split off Units sold 8,500 P10,200 8,400 P6 9,700 P19,400 9,700 P5 6,900 P6,900 6,400 P4 Ultimate selling price per unit There were no beginning inventories, and joint cost data during the month amounted to P49,830. Using the market value method, the joint cost apportioned to each product will be
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