Exercise $11-43($Algo$)$ Estimated Net Realizable Value Method $($LO $11-3)$

Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX$-10,$ PX$-20,$ and PX$-30.$ At the split$-$off point, the intermediate products cannot be sold without further processing. A typical batch of PX$-10$ sells for $$116,000$ after incurring additional processing costs of $$32,000.$ PX$-20$ can be sold for $$176,000$ after additional processing costs of $$56,000,$ and the PX$-30$ sells for $$232,000$ but requires additional processing costs of $$88,000.$ The joint costs of processing the Pryex, including the cost of mining, are $$252,000$ per batch.

Required:

Use the estimated net realizable value method to allocate the joint processing costs.

Note: Do not round intermediate calculations. Enter percentage answers rounded to $2$ decimal places and other final answers to the nearest whole dollar amounts. Exercise $11-43($Algo$)$ Estimated Net Realizable Value Method $($LO $11-3)$

Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX$-10,$ PX$-20,$ and PX$-30.$ At the split$-$off point, the intermediate products cannot be sold without further processing. A typical batch of PX$-10$ sells for $\backslash (\backslash$$ $116,000\backslash )$ after incurring additional processing costs of $\backslash (\backslash$$ $32,000\backslash ).$ PX$-20$ can be sold for $\backslash (\backslash$$ $176,000\backslash )$ after additional processing costs of $\backslash (\backslash$$ $56,000\backslash ),$ and the PX$-30$ sells for $\backslash (\backslash$$ $232,000\backslash )$ but requires additional processing costs of $\backslash (\backslash$$ $88,000\backslash ).$ The joint costs of processing the Pryex, including the cost of mining, are $\backslash (\backslash$$ $252,000\backslash )$ per batch.

Required:

Use the estimated net realizable value method to allocate the joint processing costs.

Note: Do not round intermediate calculations. Enter percentage answers rounded to $2$ decimal places and other final answers to the nearest whole dollar amounts.