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Problem: Joint Cost Allocation Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products

Problem: Joint Cost Allocation

Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow:

PRODUCT SALES VALUE AT SPLIT-OFF PER UNIT UNITS PRODUCED WEIGHT FACTORS
A 36.00 20,000 9
B 10.50 32,000 16.5
C 18.00 36,000 15
D 16.50 24,000 18

REQUIRED: (SOLUTION MUST BE IN GOOD ACCOUNTING FORM. AVOID PARENTHETICAL SOLUTIONS. THANKS A LOT!)

1. AVERAGE UNIT COST METHOD OF PRODUCT A, B, C, AND D.

2. MARKET VALUE OF PRODUCT A, B, C, AND D.

3. WEIGHTED AVERAGE METHOD OF PRODUCT A, B, C, AND D.

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