Question: LOL company uses the weighted average method to assign joint costs. Weight factors used to assign joint costs to its three joint products were:

LOL company uses the weighted average method to assign joint costs. Weight

LOL company uses the weighted average method to assign joint costs. Weight factors used to assign joint costs to its three joint products were: Product A, 4 points; Product B, 7 points; and Product C, 8 points. Units produced were Product A, 10,000; Product B, 5,000 and Product C, 3,125. Joint costs amounted to P100,000. How much would be allocated to Product A?

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