Refer to the facts in Exercise 11-39. In Exercise, Douglas manufactures four grades of lubricant, W-10, W-20,
Question:
In Exercise, Douglas manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:
Required
Assuming that total joint costs of $240,000 were allocated using the physical quantities method, what joint costs were allocated to eachproduct?
Transcribed Image Text:
If Processed Further Units Sales Value Additional Product Costs W-10... 35,000 W-20.... 25,000 .20,000 $210,000 180,000 120,000 90,000 $600,000 $22,500 18,000 12,000 7,500 $60,000 $270,000 210,000 150,000 90,000 $720,000 W-40 . 100,000
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The physical units method is a cost allocation method that allocates joint ...View the full answer
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0078025525
4th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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