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Irish Co. recovers three from a joint process in October 2017, the joint costs amounted to P250,000. Other data follow: X Y Z Quantities 3,000
Irish Co. recovers three from a joint process in October 2017, the joint costs amounted to P250,000. Other data follow:
| X | Y | Z | |
| Quantities | 3,000 | 4,000 | 3,000 |
| After split-off costs | 50,000 | 75,000 | 125,000 |
| Ultimate market value | 150,000 | 275,000 | 225,000 |
Using market value method of joint cost allocation, cost of z is?
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Financial Accounting
Authors: Jr. Belverd E. Needles, Marian Powers
9th Edition
0547070020, 978-0547070025
