Reference no: EM132862293
Question - Yvonne, Inc., which manufactures products X, Y and Z from a joint process. Joint product costs were P60,000. Additional Information was provided below.
Product-Units Produced-Sales Value at Split-Off-If Processed Further Sales Values-Additional Costs
X 6,000 P40,000 P55,000 P9,000
Y 4,000 P35,000 P45,000 P7,000
Z 0 P25,000 P30,000 P5,000
Assuming that joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product Y?