Michael Inc. produces four joint products having a manufacturing cost of $70,000 at the split-off point. The

Question:

Michael Inc. produces four joint products having a manufacturing cost of $70,000 at the split-off point. The following data pertain to these products.

Required:
Allocate joint products cost using:
(1) The average unit cost method.
(2) The weighted average method.
(3) The market value method.

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Question Posted: May 03, 2016 05:26 AM

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Michael Inc. produces four joint products having a manufacturing cost of $70,000 at the split-off point. The

Question:

Ultimate Units Market Value Processing Cost Weight Unit after Split-off Factors $1,500 3,000 2,500 5,000 Product Produced per $5.50 5,000 20,000 15,000 10,000 1.60 1.50 3.00 3.0 points 2.0 points 4.0 points 2.5 points

Step by Step Answer:

1 Average unit cost method Product Units Produced Joint Cost Per Unit Joint Cost K 500...View the full answer

Cost Accounting

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