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What were the joint costs all allocated to product pel

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Problem 1: Kamagong Inc. produces two joint products, PEI and VEL. The joint production costs for March 2013 were P15,000. During March 2013, further processing costs beyond the split-off point, needed to convert the products into salable form were P8,000 and P12,000 for 800 units of PL and 400 units VEL, respectively. PEL sells for P25 per unit and VEL sells for P50 per unit. Assuming that Kamagong uses the net realizable value method for allocating joint product costs, what were the joint costs all allocated to product PEL for March 2013?

a. P5,000

b. 6,000

c. 9,000

d. 10,000

Reference no: EM132725542

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