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What is the amount of joint costs allocated to Brights

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Problem - Omega Company manufactures two products, Brights and Dulls, from a joint process. A production run costs P50,000 and results in 250 units of Brights and 1,000 units of Dulls. Both products must be processed past the split-off point, incurring separable costs for Brights of P60 per unit and P40 per unit for Dulls. The market price is P250 for Brights and P200 for Dulls. What is the amount of joint costs allocated to Brights using the net realizable value method?

Reference no: EM132933331

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