1. Tomasa Inc. manufactures products X, Y and Z from a joint process. Joint product costs were P60, 000.

Additional information is as follows:

Sales Value and Additional

Costs if processed further
Products Units Produced Final Sales Values Additional Costs
X 6,000 P49,000 P9,000
Y 4,000 42,000 7,000
Z 2,000 30,000 5,000

What is the total costs allocated to product X?

Physical Measure Relative Sales Volume
a. P30,000 P28,000
b. P29,000 P27,000
c. P30,000 P21,000
d. P39,000 P33,000

2. Korina Company manufactures product S and T from a joint process. The sales value at split off was
P50,000 for 6,000 units of Products S and P25,000 for 2,000 units of Product T. assuming that the
portion of the total joint costs properly allocated to Product S using the relative sales value at split off
approach was P30,000, what were the total joint costs?
a. P40,000
b. P42,500
c. P45,000
d. P60,000

3. Department II of Hope Manufacturing Company presents the following production data

for the month of May, 2008:
Opening inventory 3/8 completed 4000 units
Started in process 13,000 units
Transferred 9,000 units
Closing Inventory ½ completed 4,000 units
¾ completed 4,000 units
What are the equivalent units of production for the month of May, 2008.

FIFO AVERAGE
a. 12,500 units 13,000 units
b. 17,000 units 12,500 units
c. 12,500 units 14,000 units
d. 15,000 units 14,000 units