Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $95,000 was as follows:

 

	L	M	N	Total
Separable Processing cost	$ 12,000	$ 29,000	$ 8,000	$ 49,000
Units Produced	2,000	4,500	5,100	11,600
Sales Value (after additional processing)	$ 68,000	$ 60,000	$ 19,000	$ 147,000

 

The amount of joint costs allocated to product M using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): 

 

Answer rating: 100% (QA)

Correct option is 30051 Product L Product M Product N Total Sales value after additi... View the full answer