A manufacturing company processes a single material into three separate products A, B, and C During November, the joint costs of processing were $100,000 Production and sales value information for the month were as follows Product Units Produced Final Sales Value per Unit Separable Costs A 14,000 $9 $55,000 B 14,000 $11 85,000 C 20,000 $8 60,000 Required Determine the amount of joint cost allocated to each product if the constant gross margin percentage of the NRV method is used

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Question: A manufacturing company processes a single material into three separate products A, B, and C. During November, the joint costs of processing were $100,000. Production

A manufacturing company processes a single material into three separate products A, B, and C. During November, the joint costs of processing were $100,000. Production and sales value information for the month were as follows:

Product	Units Produced	Final Sales Value per Unit	Separable Costs
A	14,000	$9	$55,000
B	14,000	$11	85,000
C	20,000	$8	60,000

Required:

Determine the amount of joint cost allocated to each product if the constant gross margin percentage of the NRV method is used.

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