Kilimanjaro Company produces joint products Burigit, Ipot and Tubol, and by-products Brownish and Yellowis which have...

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Kilimanjaro Company produces joint products Burigit, Ipot and Tubol, and by-products Brownish and Yellowis which have a joint cost of P1,287,300. Cost are assigned to joint products by Approximated Market Value at sp Off which consider further processing cost in subsequent operations. For allocating cost to by-products, the revers Cost method is used. Additional information are presented below: Products MV at split-off Additional Units produced Final MV per Selling and Desired profit Estimated cos processing unit Administrative of disposal cost cost Burigit 27,000 units P10 ? P35 ? P P5,000 Ipot 13,000 units ? ? P28 P ? P4,000 Tubol 15,000 units ? P17,000 P30 ? P P3,000 Brownish 6,000 units P5,700 P3 P2,500 P2,000 Yellowish 4,000 units P4,300 P2.75 P1,000 P1,200 The total cost per unit and net realizable value of Burigit is P26.203703703703 and P930,000. Requirement: . Compute the unit cost of Ipot and Tubol (5 points each) Compute the value of by-product to be deducted joint cost (5 points) Kilimanjaro Company produces joint products Burigit, Ipot and Tubol, and by-products Brownish and Yellowis which have a joint cost of P1,287,300. Cost are assigned to joint products by Approximated Market Value at sp Off which consider further processing cost in subsequent operations. For allocating cost to by-products, the revers Cost method is used. Additional information are presented below: Products MV at split-off Additional Units produced Final MV per Selling and Desired profit Estimated cos processing unit Administrative of disposal cost cost Burigit 27,000 units P10 ? P35 ? P P5,000 Ipot 13,000 units ? ? P28 P ? P4,000 Tubol 15,000 units ? P17,000 P30 ? P P3,000 Brownish 6,000 units P5,700 P3 P2,500 P2,000 Yellowish 4,000 units P4,300 P2.75 P1,000 P1,200 The total cost per unit and net realizable value of Burigit is P26.203703703703 and P930,000. Requirement: . Compute the unit cost of Ipot and Tubol (5 points each) Compute the value of by-product to be deducted joint cost (5 points)

Answer rating: 100% (QA)

To compute the unit cost of Ipot and Tubol 1 Unit Cost of Ipot Unit Cost of Ipot Joint Cost Additional Final Processing Cost Units of Ipot Unit Cost o... View the full answer