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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
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 Value Split-Off 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
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