The meadows Company produced three joint products at a joint cost of P132,000. Additional information for...

Transcribed Image Text:

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