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Determine the joint costs allocated to product Wet

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Question - Marielle, Inc. makes two products, Wet and Dry, from a joint operating process. For the month of May, 2011 the total joint costs of processing was P120,000 and the costs of further processing after the point of split-off, as well as other relevant data, are shown below:

 

Wet

Dry

Units after split-off

0

800

Sales price per unit

P200

P400

Further Process costs

P100,000

P140,000

The company uses the net realizable value method for allocating the joint costs of processing. For the month of May, 2011, determine the joint costs allocated to product Wet?

Reference no: EM132862502

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