Forest Products, Incorporated manufactures three products (FP 10, FP 20, and FP-40) from a single, joint...

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Forest Products, Incorporated manufactures three products (FP 10, FP 20, and FP-40) from a single, joint input. None of the products can be sold without further processing. In November, joint product costs were $241,400. Additional information follows: Sales Values Product FP-10 FP-20 FP-40 Units Produced 108,000 162,000 $ 178,500 90,000 311,500 85,400 Processing Costs (After Split-Off) $ 29,400 109,400 25,400 Required: Forest Products uses the physical quantities (units produced) method to allocate joint costs. What joint costs would be allocated to each of the three products in November? Joint Costs Product Allocated ces FP-10 FP-20 FP-40 Forest Products, Incorporated manufactures three products (FP 10, FP 20, and FP-40) from a single, joint input. None of the products can be sold without further processing. In November, joint product costs were $241,400. Additional information follows: Sales Values Product FP-10 FP-20 FP-40 Units Produced 108,000 162,000 $ 178,500 90,000 311,500 85,400 Processing Costs (After Split-Off) $ 29,400 109,400 25,400 Required: Forest Products uses the physical quantities (units produced) method to allocate joint costs. What joint costs would be allocated to each of the three products in November? Joint Costs Product Allocated ces FP-10 FP-20 FP-40

Answer rating: 100% (QA)

To allocate joint costs to each product using the physical quantities method we need to calculate th... View the full answer