Movie Equipments Inc. has two joint products called, EX and Y's, and uses the net...
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Accounting
Movie Equipments Inc. has two joint products called, EX and Y's, and uses the net realizable value method of allocating joint costs. The total joint costs for the year 2000 amounted to P300,000. During the year, additional processing costs after split-off were P160,000 for EX and P240,000 for Y's. The company produced 16,000 units of EX and 8,000 units of Y's during the year. The selling price for EX is P20 and for Y's is P50. The portion of joint costs allocated to Y's during the year is _____s
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