Problem 1. Sheryl Company incurred P100,000 to manufacture the following products in a joint process: Weight Units SP per Product Produced Per unit unit A 1,000 4 lbs. P10 B 2,000 3 lbs. P20 3,000 2 lbs. P20 4,000 1 lb. P10 REQUIRED: 1. Allocate the joint cost using the sales value method & weighted average as the basis. 2. Determine the value of ending inventory of C assuming that 500 units are on hand at the end of a period under each two methods.