ans ASAP

Milk & Cream processes milk and produces yogurt and cream with skim milk as the by product. The milk is processed in the Churning department with processing cost of P70,000. Yogurt is processed further in Department 2 for P25,000 and sold for P2.50/mL. The cream is processed in Department 3 for P60,000 then sold for P3.00/mL. Skim Milk is processed in Department 4 for P2,500 and sold for P0.65/mL.

There was 100,000 mL of milk processed through the Churning Department resulting to 50,000 mL of yogurt and 40,000 mL of cream with the remaining amount left for the by product. Compute for the Total Net Income using the NRV method. The by product's income is added as Other Income.

Fill in the blanks. Round up to 2 decimal places.

By Product Net Income =

Product Type	NRV	%NRV	JC Allocation	Total Cost
Yogurt
Cream

Total Net Income =

Milk \& Cream processes milk and produces yogurt and cream with skim milk as the by product. The milk is processed in the Churning department with processing cost of P70,000. Yogurt is processed further in Department 2 for P25,000 and sold for P2.50/mL. The cream is processed in Department 3 for P60,000 then sold for P3.00/mL. Skim Milk is processed in Department 4 for P2,500 and sold for P0.65/mL. There was 100,000mL of milk processed through the Churning Department resulting to 50,000mL of yogurt and 40,000mL of cream with the remaining amount left for the by product. Compute for the Total Net Income using the NRV method. The by product's income is added as Other Income. Fill in the blanks. Round up to 2 decimal places. By Product Net Income = Milk \& Cream processes milk and produces yogurt and cream with skim milk as the by product. The milk is processed in the Churning department with processing cost of P70,000. Yogurt is processed further in Department 2 for P25,000 and sold for P2.50/mL. The cream is processed in Department 3 for P60,000 then sold for P3.00/mL. Skim Milk is processed in Department 4 for P2,500 and sold for P0.65/mL. There was 100,000mL of milk processed through the Churning Department resulting to 50,000mL of yogurt and 40,000mL of cream with the remaining amount left for the by product. Compute for the Total Net Income using the NRV method. The by product's income is added as Other Income. Fill in the blanks. Round up to 2 decimal places. By Product Net Income =