Keiffer Production manufactures three joint products in a single process. The following information is available for August

Question:

Keiffer Production manufactures three joint products in a single process. The following information is available for August 2010:

Allocate the joint cost of $558,000 to the production based on the
a. Number of gallons.
b. Sales value at split-off.
c. Approximated net realizable values at split-off.
(Round all percentages to the nearest wholepercentage)

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jul 17, 2012 05:59 AM

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Keiffer Production manufactures three joint products in a single process. The following information is available for August

Question:

Sales Value at Split-Off Cost after inal Selling Split-Off $4 Gallons 4,500 JP-4587 18,000 13,500 Product Gallon $14 Price 24 15 per JP-4539 JP-4591 18

Step by Step Answer:

a b c JP4539 JP4587 JP45...View the full answer

Cost Accounting Foundations and Evolutions

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