The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint

Question:

The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $189,000. Additional information follows.

image

image

Requireda. Assuming that joint product costs are allocated using the physicalquantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)?b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Fundamentals of Cost Accounting

ISBN: 978-1259969478

6th edition

Authors: William N. Lanen, Shannon Anderson, Michael W Maher

Question Posted: