Question: Exercise 11-42 Net Realizable Value Method (LO 11-7) Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process.
Exercise 11-42 Net Realizable Value Method (LO 11-7) Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product W-10 W-20 W-30 W-40 Units roduced 56,000 40,000 32,000 Sales Value at Split-Off $336,000 288,000 192,000 144,000 $960,000 Sales Values $ 366,000 336,000 240,000 160,000 1,102,000 Additional Costs $ 36,000 28,800 19,200 12,000 $96,000 160,000 Required: Assuming that total joint costs of $384,000 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.) Product NRV at Split-Ofr Joint Costs W-10 W-20 W-30 W-40 Allocated
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