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A. This is the information. Gasoline Total Market value of gallons sold P400,000 Heating Oils P285,000 Market value per gallon Beginning Inventory P10 10,275 P6
A. This is the information.
Gasoline Total Market value of gallons sold P400,000 Heating Oils P285,000 Market value per gallon Beginning Inventory P10 10,275 P6 20,000 The above chart was used by the GET Rich Company for allocating P450,000 of joint costs incurred in March 7 for Department A. Kerosene P365,400 P7 25,000 During March the company had no ending inventory. No additional processing costs were incurred. The GET Rich Company uses a process cost system. If management decided to use the physical output method to allocate joint costs, what would be the joint cost for Gasoline?
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