Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in
Question:
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $180,000 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product.
Instructions
Determine whether each of the three joint products should be sold as is, or processed further.
Transcribed Image Text:
Sales Value at Split-Off Point $210,000 300,000 455,000 Sales Value of Processed Product $300,000 400,000 800,000 Allocated Cost to Process Spock Uhura Sulu Joint CostsFurther $110,000 85,000 250,000 60,000 80,000
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Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1119036432
7th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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