AB Corp. processes two products from a single raw material, Product A and Product B. The cost of processing the two products up to the split-off point was P102,000. AB Corp. uses the NRV method of allocating the joint cost. The following data were ascertained for the year: Product A Product B Produced (gallons) 12,000 10,500 Sales price P 7.00 P18.00 Sales (gallons) 8,500 9,000 Separable cost P30,000 P71,600 3. What is the joint cost allocated to Product A? (Round allocation ratio to the nearest percentage ex. .71545 = 72%) a. 25,500 b. 54,060 c. 32,640 d. 28,560 4. What is the joint cost allocated to Product B? (Round allocation ratio to the nearest percentage ex. .71545 = 72%) a. 69,360 b. 76,500 c. 47,940 d. 73,440