MIX inc, is conducting a joint process which results to three products. The following production data we provided by MIX Inc. for the current period: f point Additional data for the period were provided: - All the ace items were sold for a gross profit of P100,000. - The joint costs were allocated using physical method. 1. What is the gross profit/(loss) if all the Bat items are sold in current year? a. 200,000 b. (150,000) c. (100,000) d. 50,000 2. Assuming the joint costs are fixed, what is the joint cost allocated to Can Items using the relative value method? a. 250,000 b. 450,000 c. 750,000 d. 300,000 COMBI Inc. manufactures three joint products. The following production data were provided by COMBI the current period: Joint product costs for the current period were as follows: The company uses the net realizable value method for allocating joint costs. 1. What is the Gross profit/(loss) on the sales of all Xen products? a. 30,000 b. 21,667 c. 15,000