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Exercise $11-45($Algo$)$ Allocation of Joint Costs $--$ Net Realizable Value and Physical Quantities Methods $($LO $11-3)$

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Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $$162,000.$ The sales value at splitpoints

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off was $$170,640$ for $6,000$ units of Kappa and $$63,280$ for $9,000$ units of Lambda.

Required:

a$.$ What joint costs are allocated to the two products using the net realizable value at split$-$off approach?

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.

b$.$ What joint costs are allocated to the two products using the physical quantities method?

Note: Do not round intermediate calculations.

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$\backslash$table$[[$a$.$ Net realizable value method,Kappa,Lambda$],[$b$.$ Physical quantities method,,$]]$

References