Peter Company produces four solvents from the same process: A,B,C and D. Joint product costs are P9,000 ( Round to the nearest peso) Product Barrels SP @ Split-Off Pt. Cost to sell @ Split-off Separable Cost Final sales price A 750 P10.00 P6.50 P2.00 P13.50 B 1,000 8.00 4.00 2.50 10.00 C 1,400 11.00 7.00 4.00 15.50 D 2,000 15.00 9.50 4.50 19.50 If Peter Company sells the products after further processing, the following costs to sell will be incurred: A-P2.50 B-P1.00 C-P3.50 D- P6.00 Using net realizable value after split-off point method, what amount of joint processing cost is allocated to Product C? Group of answer choices a. P1,017.00 c. P2,375.00 b. P1,550.00 d. P4,263.00
Peter Company produces four solvents from the same process: A,B,C and D. Joint product costs are P9,000 ( Round to the nearest peso)
Product Barrels SP @ Split-Off Pt. Cost to sell @ Split-off Separable Cost Final sales price
A 750 P10.00 P6.50 P2.00 P13.50
B 1,000 8.00 4.00 2.50 10.00
C 1,400 11.00 7.00 4.00 15.50
D 2,000 15.00 9.50 4.50 19.50
If Peter Company sells the products after further processing, the following costs to sell will be incurred:
A-P2.50 B-P1.00 C-P3.50 D- P6.00
Using net realizable value after split-off point method, what amount of joint
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