problem solving:

Owen Company produces four products, which have a manufacturing cosy of P217,000 at the split-off point. Data pertaining to these products are as follows: Product Market value At split-off P4.00 Units produced 20,000 Weight factor 3.0 A B 1.75 32,000 5.5 C 3.0 36,000 5.0 D 2.75 24,000 6.0 Required: Allocate the joint cost using 1. Market Value Method 2. Average units cost method 3. Weighted average method