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Ireland Co. Ireland Co. Ireland Co. recovers three products from a faint process, in October 2011, the joint costs amounted to P250,000. Other data follow

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Ireland Co. Ireland Co. Ireland Co. recovers three products from a faint process, in October 2011, the joint costs amounted to P250,000. Other data follow By-Product int Products w Units produced 2.000 4 000 4.000 Unsold units 200 500 After split off costs P25,000 P90,000 P120,000 Sales value if processed further 75.000 285 000 225,000 Refer to Ireland Co. If the company inventories W-1, the by-product, what is the amount of joint costs allocated to W-2 using the NRV method? * Your answer Refer to Ireland Co. Assume that the company accounts for W-1, the by- product, upon sale as additional revenue. what is the amount of joint costs allocated to W-3 using the NRV company accounts for W-1, the by- product, upon sale as additional revenue. what is the amount of joint costs allocated to W-3 using the NRV method? *

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