Ibrahim Company produces three products A, B, and C. During the year, the joint costs of processing the three products were $480,000.

Production and sales value information were as follows:

Product	Units	at Split-Off	Separable Costs	Selling Price
A	500,000	$13 per unit	$6.00 per unit	$40 per unit
B	300,000	$12 per unit	$4.00 per unit	$37 per unit
C	200,00	$8 per unit	$3.00 per unit	$28 per unit

Required:

Allocate the joint costs using the physical output method.

Answer rating: 100% (QA)

Product Joint costs allocated A 240000 B 144000 C 96000 ... View the full answer