Covid Corp.’s manufacturing process yields a by-product “Corona” which requires selling expenses…

Covid Corp.’s manufacturing process yields a by-product “Corona” which requires selling expenses of P0.20 per unit to be sold. The sales of Corona is accounted for by showing the net amount as other income. Currently, the company is able to sell P10,000 units of these at P2.00 each. If Covid Corp. changes its method of accounting for Corona’s’s sales by showing the net amount as additional sales revenue, then Covid’s gross profit would A. Increase by P90,000 C. Decrease by P90,000 B. Increase by P18,000 D. Remain the same (BONUS: If Valentin decides to deduct Ellen’s net revenue from the main product’s COGS, then Valentin’s Net Income would be? 1 pt.)

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