Land Company produces joint products Jana and Reta, together with by-product Bynd, Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these...

Compute for the joint cost allocated to Reta.

(SOLUTIONS MUST BE INGOOD ACCOUNTING FORM. EXCEL FORM WOULD BE GREAT. ACCOUNT TITLES ON THE LEFT, AMOUNTS ON THE RIGHT. USE TABLE IF NECESSARY. AVOID PARENTHETICAL SOLUTIONS. THANKS, A LOT!)

Extracted text: Land Company produces joint products Jana and Reta, together with by-product Bynd, Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these proficts follow: Jana Reta Bynd Total Joint costs: Variable P88,000 148,000 Fixed Separable costs: Variable P120,000 P3,000 123,000 90,000 Fixed 1,000 1,000 92,000 Profit Production (Ibs.) 50,000 Sales price/lbs. 40,000 10,000 100,000 P 7.50 P 4.00 P 1.10 There is no beginning or ending inventories. No materials are spoiled in production.