Question
COMBI Inc. manufactures three joint products. The following production data were provided by COMBI Inc. for the current period: Product Name Units Produced
COMBI Inc. manufactures three joint products. The following production data were provided by COMBI Inc. for the current period:
Product Name Units Produced Additional Processing Final Selling Price
XEN 1,000 P20,000 P50
YEN 2,000 P10,000 P10
ZEN 3,000 P30,000 P30
The company uses the net realizable value method for allocating joint costs
1. What is the Gross profit/(loss) on the sale of all Xen products?
2. What is the total gross profit/loss on the sale of all the joint products?
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