Comely Products manufactures three products R, S and T, in a joint Process. For every ten kilos of raw materials input, the output is five kilos of R, three kilos of S and two kilos of T. During August, 50,000 kilos of raw materials costing P120,000 were processed and completed, with joint conversion costs of P200,000. Conversion costs are to be allocated to the products on the basis of market values. To make the products saleable, further processing which does not require additional raw materials was done at the following costs:

	Further processing cost	Selling Price
Product R	30,000	10.00
Product S	20,000	12.00
Product T	30,000	15.00

EXPPLAIN HOW TO GET THESE ANSWER! SHOW YOUR SOULUTION PLEASE!!!!!

1. The unit cost of Product R is (round off to two decimal places if needed). ANSWER: 7.12

2. If all units of Product T are sold, and selling and administrative expenses are 20% of sale, the net income from the sale of Product T is: ANSWER: 18,000

3. Assuming that all units are sold, the gross margin on sales for Product S is ANSWER: 60,000