Question
Aguilar Sweets Factory manufactures a coconut candy, Coco, which is sold for P500 per box. The manufacturing process also results in a by-product, Soloc.
Aguilar Sweets Factory manufactures a coconut candy, Coco, which is sold for P500 per box. The manufacturing process also results in a by-product, Soloc. Without further processing, Soloc sells for P1.00 per pack; with further processing it sells for P3.00 per pack. During the month of April, the total joint manufacturing costs up to the point of separation consisted of the following charges to work in process: Raw materials Direct labor Factory overhead 225,000 100,000 45,000 370,000 During the month, the production for the two products was as follows: Coco, 591,000 boxes Soloc, 45,000 packs.
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