Tonic Company manufactures products X and Y from a joint process. The market value at split-off was P50,000 for 6,000 units of product X and P50,000 for 2,000 units of product Y. Assuming that the...

Tonic Company manufactures products X and Y from a joint process. The market value at split-off was P50,000 for 6,000 units of product X and P50,000 for 2,000 units of product Y. Assuming that the portion of the total joint cost properly allocated to product X using the market value method was P30,000; the total joint cost was:

A. 45,000

b. 60,000

c. 75,000