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What is the cost assigned to transparent soaps

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Question - Safe Company produces transparent soaps, Glycerin soaps as joint products and liquid soaps as a by-product. The bottled liquid soaps can be sold for PS per liter. Liquid soaps require packaging costs pf -0.10 per liter and sales commissions at 10% of sales price. The net revenue of the by-product is treated as a reduction from the joint costs. Joint products are assigned joint costs based on the amount liters produced.

Transparent soaps 320,000 liters

Glycering soaps 160,000 liters

Liquid soaps 1,600 liters

Joint costs P 80,000

Required - What is the cost assigned to transparent soaps?

Reference no: EM132786717

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