Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
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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 Units Sales Value at Split-Off $316,000 272,000 184,000 140,000 $912,000 Product Produced Additional Costs Sales Values $ 34,100 27, 200 18,400 11,400 $ 346,000 316,000 228,000 W-10 53,200 38,000 30,400 30,400 W-20 W-30 152,000 $1,042,000 W-40 152,000 $ 91,100 Required: Assuming that total joint costs of $410,400 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.) 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 Units Sales Value at Split-Off $316,000 272,000 184,000 140,000 $912,000 Product Produced Additional Costs Sales Values $ 34,100 27, 200 18,400 11,400 $ 346,000 316,000 228,000 W-10 53,200 38,000 30,400 30,400 W-20 W-30 152,000 $1,042,000 W-40 152,000 $ 91,100 Required: Assuming that total joint costs of $410,400 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.)
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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