MATT Corporation, a manufacturing firm, has two joint products: Pure and Diluted. The corporation's records...
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MATT Corporation, a manufacturing firm, has two joint products: Pure and Diluted. The corporation's records shows that the joint production costs for the month of May 2020 amounted to P45,000. During the month, the further processing costs beyond the split-off point needed to convert the products into sealable form amounted to P24,000 for 2,400 units of Pure and P36,000 for 1,200 units of Diluted. Pure sells for P25 per unit while Diluted sells for P50 per unit. Assuming that the company uses the net realizable value method for allocating joint product costs, the joint costs allocated to Pure for the month of May would be?
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