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Jack Lumber Inc. produces 2x4 and 4x8 as joint products and sawdust as by-product. The packaged sawdust can be sold for P2 per pound. Packaging costs for the sawdust are PO. 10 per pound and sales commissions are 10% of selling price. The by-product net revenue serves to reduce joint processing costs for joint products. Joint products are assigned joint costs based on board feet. Data follows: Joint processing costs P50,000 2x4s produced 200,000 board ft. 4x8s produced 100,000 board ft. Sawdust produced 1,000 lbs. What is the cost assigned to 2x4? 0 P32.000 OP33,333 OP32.200 P32,133 Variety Manufacturing Corporation produces three products made of stainless steel: plates, spoon and forks, and knives. Joint costs for July 2019 total P500,000. Other information are shown below: Units Costs After Ultimate Market Split-Off Value Plates 3,000 P100,000 P300,000 Spoon and fork 4,000 150,000 550,000 Knives 3,000 250,000 450,000 Using the average unit cost method of joint costs allocation, determine the total cost of producing products Plates, Spoon and fork, and Knives, respectively. O P250,000; P350,000, and P400,000 O P275,000: P400,000, and P450,000 OP225,000; P400.000; and P375,000 OP200,000; P300,000; and P500,000