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...

Problem 1. Sheryl Company incurred P100,000 to manufacture the following products in a<br>joint process:<br>Units<br>Produced<br>1,000<br>2,000<br>3,000<br>4,000<br>Product<br>A<br>Weight<br>Per unit<br>4 Ibs.<br>SP per<br>unit<br>P10<br>3 Ibs.<br>2 Ibs.<br>P20<br>P20<br>1 lb.<br>P10<br>REQUIRED:<br>1. Allocate the joint cost using the sales value method & weighted average as the basis.<br>2. Determine the value of ending inventory of C assuming that 500 units are on hand at the end<br>of a period under each two methods.<br>(BCD<br>

Extracted text: 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. (BCD

Jun 11, 2022

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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...

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