Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
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Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: Units Product Produced 60,200 43,000 34,400 34,400 172,000 W-10 W-20 W-30 W-40 Sales Value at Split-Off $360,000 Product W-10 W-20 W-30 W-40 309,000 207,000 156,000 $1,032,000 If Processed Further Required: Assuming that total joint costs of $381,840 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) NRV at Split- Joint Costs Allocated Off Additional Costs Sales Values $ 393,000 $ 38,700 30,900 360,000 258,000 20,700 12,900 172,000 $103,200 $1,183,000 Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: Units Product Produced 60,200 43,000 34,400 34,400 172,000 W-10 W-20 W-30 W-40 Sales Value at Split-Off $360,000 Product W-10 W-20 W-30 W-40 309,000 207,000 156,000 $1,032,000 If Processed Further Required: Assuming that total joint costs of $381,840 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) NRV at Split- Joint Costs Allocated Off Additional Costs Sales Values $ 393,000 $ 38,700 30,900 360,000 258,000 20,700 12,900 172,000 $103,200 $1,183,000
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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