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What is idaho cost to produce

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Reference no: EM132738078

Problem 1: Idaho Corporation manufactures liquid chemicals A and B from a joint process. Joint costs are allocated on the basis of relative market value at split-off. It costs P4,560 to process 500 gallons of Product A and 1,000 gallons of Product B to the split-off point. The market value at split-off is P10 per gallon for Product A and P14 for Product B. Product B requires an additional process beyond split-off at a cost of P2 per gallon before it can be sold. What is Idaho's cost to produce 1,000 gallons of Product B?

A. 5,040
B. B. 4,360
C. 4,860
D. 5,360

Reference no: EM132738078

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