Question: Exercise 1 1 - 4 7 ( Algo ) Net Realizable Value Method ( LO 1 1 - 3 ) Barrett Chemicals manufactures four chemicals,

Exercise 11-47(Algo) Net Realizable Value Method (LO 11-3)
Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $564,000. Additional information follows:
\table[[,,,If Processed Further],[,Units,Sales Value at,Sdditional,,],[Product,Produced,Split-0ff,Costs,Sales Values,],[Chem-1,304,000,$236,000,$34,300,$276,000,],[Chem-2,192,000,280,000,31,000,306,000,],[Chem-3,208,000,165,600,26,500,196,000,],[Chem-4,160,000,262,400,27,900,286,000,],[,864,000,$944,000,$119,700,$1,064,000,]]
Required:
Barrett Chemicals uses the net realizable value method to allocate joint costs. What joint costs would be allocated to each product in May?
Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.
\table[[Product,\table[[NRV at Split-],[Off]],\table[[Joint Costs],[Allocated]]],[Chem-1,,],[Chem-2,,],[Chem-3,,],[Chem-4,,]]
 Exercise 11-47(Algo) Net Realizable Value Method (LO 11-3) Barrett Chemicals manufactures

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