BSA Company produced three joint products (Read, Study and Practice) and two by-products (Patience and Faith) at a joint cost of P250,000. Additional information for a recent period is as follows: Read Study Practice Patience Faith Units Produced 50,000 40,000 10,000 1,000 2,000 Sales Value at Split Off Point 16.80 13.50 #12.00 #2.00 #1.00 Sales Value if processed further #21.52 16.00 15.60 #5.00 #4.00 Further processing cost per unit 3.52 Selling and Admin. Expense per unit Operating profit per unit 3 3.520 1.50 3 2.40 2.00 1.00 3 1 1 1 1 Show your solution to compute the unit cost of joint products using (1) market value at split off method and (2) net realizable value method when joint production costs are allocated to patience and faith using (a) net realizable value method and (b) reversal cost method. Summary of unit costs 1a MV SO/NRV 1b MV SO/Reversal cost 2a NRV/NRV 2b NRV/Reversal cost Read Study Practice