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Questions 3 and 4 are based on the following information: Reeland Inc. which manufactures products X. Y and 2 from ajoint process. Joint product costs
Questions 3 and 4 are based on the following information: Reeland Inc. which manufactures products X. Y and 2 from ajoint process. Joint product costs were P60.000. Additional information is provided below: Product Units Produced Sales Value at Split - Off X 6.000 P 40.000 Y 4.000 35.000 2 2.000 25.000 If Processed Further Sales Value Additional Costs P 55.000 P 9.000 45.000 ?.000 30.000 5.000 3. Assuming that joint product costs are allocated using physical measures (units produced) approach. what were the total costs allocated to product X? 4_ Assuming the joint product costs are allocated using the relative sales value at split-off approach. what were the total costs allocated to product Y
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