The LMN Company manufactures joint products X and Y as well as by-product Z. Cumulative joint cost data for the period show P204,000 representing 20,000 completed units processed through the Refining Department at an average unit cost of 10.00. Costs are assigned to X and Y by the market value method, which considers further processing costs in subsequent operations. To determine the cost allocation to Z, the market value ( reversal cost) method is used.

Additional data:

	Product Z	Product X	Product Y
Quantity processed	2,000	8,000	10,000
Sales price per unit	P6.00	P20	P25
Further processing cost per unit	P2.00	P5	P7
Marketing and administrative expenses
Expense per unit	P1.00
Operating profit per unit	P1.00

Required:

A. Compute the joint cost allocated to Z

B. Allocate the remaining joint cost to X and Y