Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $160,000....

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Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $160,000. The sales value at split- off was $169,200 for 5,200 units of Kappa and $63,280 for 7,800 units of Lambda. Required: a. What joint costs are allocated to the two products using the net realizable value at split-off approach? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. b. What joint costs are allocated to the two products using the physical quantities method? Note: Do not round intermediate calculations. a. Net realizable value method b. Physical quantities method Kappa Lambda Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $160,000. The sales value at split- off was $169,200 for 5,200 units of Kappa and $63,280 for 7,800 units of Lambda. Required: a. What joint costs are allocated to the two products using the net realizable value at split-off approach? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. b. What joint costs are allocated to the two products using the physical quantities method? Note: Do not round intermediate calculations. a. Net realizable value method b. Physical quantities method Kappa Lambda

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a Net realizable value method First lets calculate the total sales value at splitoff Total sales val... View the full answer