Problem no. 6 Bravo Company manufactures Products A and B from a joint process that also yields a by- product, X. Bravo accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: A B Total Units produced 15.000 9.000 X 6
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- Problem 5 Ilang Ilang company manufactures Products A and B from a joint process which also yields a by-product. Ilang ilang accounts for the revenue from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information follows: A B C Total Units produced 15,000 9,000 6,000 30,000 Joint Costs ? ? ? 264,000 Sales Value at Split off 290,000 150,000 10,000 450,000 Joint products are allocated using the relative sales value at split off approach What was the joint cost allocated to Product B?What is the joint cost allocated to product Tab if the company employs relative sales value method? P300,000P200,000P192,000P288,000Marigold Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $10400 $7200 $18600 B 12400 4200 15600 C 9400 2200 13600 Which of the products should not be processed further? a. Product C b. Products A and C c. Product B d. Product A
- PROBLEM 11: The following information has been extracted from the records of CCC Company about one of its products: Number Unit of Units Date 1/1 1/6 2/5 Transaction Beginning balarce Purchased Sald at P24.C0 par unit Cost F 14.00 1,600 600 14.10 2.000 3/19 Purchcsed 2,200 14.70 3/24 4/10 6/22 !131 Purchose returns 160 1,400 16,800 14./0 Sold at P24.20 per unit Purchosed 15.00 Sold at P26.50 per unit Sales returns at P25.50 per unit 3,600 40 8/4 9/4 Sold at P27 per unit 7,000 11/15 12/28 Purchased 1,000 6.200 16.00 Sald at P30 per unit 12. Compute for the closing inventory and cost of sales under the FIFO peiodic method ard the FIFO perpetual method. 13. Compute for the closing inventory and cost of saes under the weighted averaçe periodic method and the mɔving averoge method. 14. Compute for the closing inventory and cost of sales under the LIFO periodic method ard the LIFO perpetual method.Problem 1. Sheryl Company incurred P100,000 to manufacture the following products in a joint process: Units Produced 1,000 2,000 3,000 4,000 Product A Weight Per unit 4 Ibs. SP per unit P10 3 Ibs. 2 Ibs. P20 P20 1 lb. P10 REQUIRED: 1. Allocate the joint cost using the sales value method & weighted average as the basis. 2. Determine the value of ending inventory of C assuming that 500 units are on hand at the end of a period under each two methods. (BCDThe West Bank Company has three product lines as following: A B C Total Estimated Sales in Units 25000 100000 50000 175000 SP/ unit $10 $12 $7 VC/ unit ( $5) ($8) ($4) CM/ unit $5 $4 $3 FC for company $351000 Required: What is the operating income?
- Coronado Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $11200 $7600 $19800 B 13200 4600 16800 C 10200 2600 14800 Which of the products should not be processed further? Products A and C Product C Product A Product BExercise 6 (Sell or Process Further) Patrick Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total P100,000 per year. The company allocates these costs to the joint products on the basis of their total sales value at the split-off point. These sales values are as follows: product A, P50,000; product B, P90,000; and product C, P60,000. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities. processing costs and the sales value after further processing for each product (on an annual basis) are shown below: The additional Sales Value P 80,000 150,000 75,000 Additional Product A. . В.. C... Processing Costs P35,000 40,000 12,000 Required: Which product or products should be sold at the split-off point, and which product or products should be processed further? Show computations.V. P V MI * 00 44 Euclid Corporation processes a patented chemical, P-1, and produces two outputs, P-11 and P-12. In August, the costs to process P-1 are $190,000 for materials and $340,000 for conversion costs. P 11 has a sales value of $664,000 and P-12 has a sales value of $166,000. Required: Using the net realizable value method, assign costs to P-11 and P-12 for August. (Do not round intermediate calculations.) Cost Assigned SƏ P-11, P-12 < Prev 3 of 4 pe here to search 五 PrtSc F11 F12 +D -3 F10 sus 因 F7 F8 F5 反 & %23 8. 6. 5. 9. H. B. Alt Alt
- d. P65,000 and Resi-Dew? Resi-Dew PO Rain Dew P24,000 b. P23,200 P24,000 d. P23,200 P1,200 P1,200 а. c. PO Use the following data for Numbers 52-55: JMG Company buys Article X for P.80 per unit. At the end of processing in Department 1 Article X split into Products D, E, and F. Product D is sold at split-off point with no further processing. E and F require further processing before they can be sold. E is processed in Department 2; and F is sed in Department 3. the following is a summary of costs and other data for the fiscal year ended July 31, 2018: Department 1 Department 2 Department 3 Cost of Article X: Direct materials Direct labor Factory overhead P144,000 21,000 15,000 P67,500 31,500 P97,500 73,500 Product D Product E Product F Units sold Units on hand, July 31, 2018 Sales 30,000 15,000 P45,000 JMG uses the estimated net realizable method of allocating joint costs. 45,000 67,500 22,500 P212,625 P144,000From these results of operations, determine the cost of goods manufactured of XY Co.Finished goods -beg P72,000 Sales P465,000Finished goods - end P66,000 Gross margin P88,000 a. P371,000b. P377,000c. P383,000d. P459,000Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Spock Uhura Sulu Incremental profit (loss) $ Indicate whether each of the three joint products should be sold as is, or processed further. %24 %24