Martens Company manufactures joint products X and Y as well as by-product Z. Cumulative joint cost data

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Martens Company manufactures joint products X and Y as well as by-product Z. Cumulative joint cost data for the period show $208,000, representing 20,000 completed units processed through the Refining Department at an average cost of $10.20. Costs are assigned to X and Y by the market value method, which considers further processing costs in subsequent operations. To determine the cost allocation to Z, the market value (reversal cost) method is used. Additional data:
Martens Company manufactures joint products X and Y as well

Required:
Compute the joint cost allocated to Z, then the amount to X and Y.

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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