Better Man Inc. manufactures one main product and two by-products. Data for July are:

Main Product

By-Product T By-Product V

Total Sales P 150,000 P 12,000 P 7,000 P 169,000 Manufacturing cost before separation 75,000 Manufacturing cost after separation 23,000 2,200 1,800 27,000 Marketing and administrative expense 12,000 1,700 1,500 14,600 Profit allowed for By-Product T is 20% of sales and for By-Product V is 15% of sales. Required: 1. Calculate the manufacturing cost before separation that is to be charged to By-Products T and V. 2. Prepare an income statement detailing sales and costs for each product.