Question
BUCKS Company produces four solvents from the same process: GIANNIS, KHRIS. BROOK and ERIC. Joint product cost are P 9,000 Barrels Sales price per barrel
BUCKS Company produces four solvents from the same process: GIANNIS, KHRIS. BROOK and ERIC. Joint product cost are P 9,000
Barrels
Sales price per barrel at split-off
Disposal cost per barrel at split-off
Further processing costs
Final sales price per barrel
GIANNIS
750
P 10.00
P 6.50
P 2.00
P 13.50
KHRIS
1,000
8.00
4.00
2.50
10.00
BROOK
1,400
11.00
7.00
4.00
15.50
ERIC
2,000
15.00
9.50
4.50
19.50
If BUCKS sells the production after further processing, the following disposal cost will be incurred: GIANNIS. P 2.50; KHRIS, P100; BROOK, P3.50; ERIC, P 6.00
Using net realizable value at split-off
What amount of joint processing cost is allocated to product GIANNIS?
What amount of joint processing cost is allocated to product KHRIS?
What amount of joint processing cost is allocated to product BROOK?
What amount of joint processing cost is allocated to product ERIC?
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