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Princess Mirah manufactures Product X and Y using a joint process. The joint costs are P10, 000. Product X and Y can be sold at split-off for P12,000 and P8,000 respectively. After split-off, Product X is processed further at a cost of P5,000 and sold for p21,000, whereas Product Y is sold without further processing.
Question 1: If the company uses the relative sales value method for allocating joint costs, what is the joint allocated to Product X?
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