Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...

Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:

				If Processed Further
Product	Units Produced	Sales Value at Split-Off		Additional Costs		Sales Values
W-10	64,400	$	384,000	$	41,400	$	420,000
W-20	46,000		330,000		33,000		384,000
W-30	36,800		222,000		22,200		276,000
W-40	36,800		168,000		13,800		184,000
	184,000	$	1,104,000	$	110,400	$	1,264,000

Required:

Assuming that total joint costs of $518,880 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.)

Product	NRV at Split-Off	Joint Costs Allocated
W-10
W-20
W-30
W-40

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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