Problem: Joint Cost Allocation Jean Company produces four products, which have a manufacturing cost of P672,000 at
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Problem: Joint Cost Allocation
Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow:
| PRODUCT | SALES VALUE AT SPLIT-OFF PER UNIT | UNITS PRODUCED | WEIGHT FACTORS |
| A | 36.00 | 20,000 | 9 |
| B | 10.50 | 32,000 | 16.5 |
| C | 18.00 | 36,000 | 15 |
| D | 16.50 | 24,000 | 18 |
REQUIRED: (SOLUTION MUST BE IN GOOD ACCOUNTING FORM. AVOID PARENTHETICAL SOLUTIONS. THANKS A LOT!)
1. AVERAGE UNIT COST METHOD OF PRODUCT A, B, C, AND D.
2. MARKET VALUE OF PRODUCT A, B, C, AND D.
3. WEIGHTED AVERAGE METHOD OF PRODUCT A, B, C, AND D.
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