solution, theres alr ans

ABC Company manufactures three main products, X, Y, and Z, from a joint process. Joint costs amounted to P450,000. Additional information for June production follows: X Y Z Units produced 50,000 40,000 10,000 Units sold 49,000 38,500 9,500 Sales value at split off (of units produced) P420,000 P 270,000 P 60,000 Additional costs if processed 78,800 24,800 12,400 Sales value if processed further (of units produced) 538,000 320,000 78,000 Required: 1. Allocate the joint cost to joint products using the physical measure approach. Answer: X= 225,000 Y= 180,000 Z= 45,000 2. Using the physical measure approach, what is the total ending inventory balance. Answer: 16,626 3. Compute the total cost of each product using the sales value at split off method. Answer: X= 303,800 Y=204,800 Z=457,400 4. Assume that joint cost is allocated to the products using NRV,compute the gross profit if the main products are sold split-off point. Answer: Bonus (allocation method should be SV at split off) 5. Assume that joint cost is allocated to the products using the NRV method, compute the gross profit the main products are sold after further processing. Answer: X= 207,200 Y= 133,200 Z= 29,600 6. With reference to your answer in nos. 4 & 5, should ABC sell product X at split off point? (yes or no) BONUSABC Company manufactures three main products, F, G, and W, from a joint process. Joint costs are allocated on the basis of sales value at split- off. Additional information for June production activity follows: F W Total Units produced 50,000 40,000 10,000 100,000 Joint costs P252,000 P162,000 P450,000 Sales value at split off ? ? P60,000 P750,000 Additional costs if processed further P88,000 P30,000 P12,000 P130,000 Sales value if processed P538,000 P320,000 P78,000 P936,000 further 1. How much of the joint costs should ABC allocate to product W? Answer: 36,000 2. What is the sales value at split off of product F? Answer: 420,000 3. What is the sales value at split off of product G? Answer: 270,000 4. Assuming that the 10,000 units of W were processed further and sold for P78,000, what was ABC's gross profit on this sale? Answer: 30,000