Dallas Company produces joint products, TomL and JimmyJ, each of which incurs separable production costs after the splitoff point. Information concerning a batch produced at a $200,000 joint cost before splitoff follows:
Product Separable Sales
Costs Value
TomL.............$10,000............$ 80,000
JimmyJ.............20,000...............50,000
.....................$30,000............$130,000
What is the joint cost assigned to TomL if costs are assigned using relative net realizable value?
1. $60,000
2. $140,000
3. $48,000
4. $200,000