nts eBook Print eferences Saint John Mining operates several facilities. At one, a typical batch of...
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nts eBook Print eferences Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX-10, PX-20, and PX-30. At the split-off point, the intermediate products cannot be sold without further processing. A typical batch of PX-10 sells for $114,500 after incurring additional processing costs of $29,000. PX-20 can be sold for $174,500 after additional processing costs of $53,000, and the PX-30 sells for $229,000 but requires additional processing costs of $85,000. The joint costs of processing the Pryex, including the cost of mining, are $249,000 per batch. Required: Use the estimated net realizable value method to allocate the joint processing costs. Note: Do not round intermediate calculations. Enter percentage answers rounded to 2 decimal places and other final answers to the nearest whole dollar amounts. Estimated sales value at split off Percent of total sales values at split off Cost allocation PX-10 PX-20 % PX-30 nts eBook Print eferences Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX-10, PX-20, and PX-30. At the split-off point, the intermediate products cannot be sold without further processing. A typical batch of PX-10 sells for $114,500 after incurring additional processing costs of $29,000. PX-20 can be sold for $174,500 after additional processing costs of $53,000, and the PX-30 sells for $229,000 but requires additional processing costs of $85,000. The joint costs of processing the Pryex, including the cost of mining, are $249,000 per batch. Required: Use the estimated net realizable value method to allocate the joint processing costs. Note: Do not round intermediate calculations. Enter percentage answers rounded to 2 decimal places and other final answers to the nearest whole dollar amounts. Estimated sales value at split off Percent of total sales values at split off Cost allocation PX-10 PX-20 % PX-30
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