What is the joint cost allocated to product tab

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Talisay Company is conducting a joint production at a total costs of P1,000,000. The joint production results to the following inventories:

                                               Alt                              Tab                            Del
Units produced              20,000 units            10,000 units            5,000 units
Selling price at split off        P300                    P400                        P10

Alt and Tab are considered main products while Del is considered by-product. The entity considers its by-product as material. The by-product requires additional processing cost per unit of P1.6 and its cost of disposal is P0.40 per unit.

Problem 1: What is the joint cost allocated to product Tab if the entity employs relative sales value method?

Reference no: EM132739175

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