Question: Exercise 11-44 (Algo) Estimated Net Realizable Value Method (LO 11-7) Blasto, Inc., operates several mines. At one, a typical batch of ote run through the
Exercise 11-44 (Algo) Estimated Net Realizable Value Method (LO 11-7) Blasto, Inc., operates several mines. At one, a typical batch of ote run through the plant yields three products: lead, copper, and manganese. At the spilt off point, the Intermediate products cannot be sold without further processing. The lead from a typical batch sells for $63,000 after incurring additional processing costs of $25,200. The copper is sold for $101,000 after additional processing costs of $11,000, and the manganese yield sells for $68,000 but requires additional processing costs of $15,800 The Joint costs of processing the row ore, including the cost of mining, are $185.000 per batch. Required: Use the estimated net realizable value method to allocate the joint processing costs. (Do not round Intermediate calculations.) Lead Copper Manganese Approximate sales value splitoff Percent of total sales values at split off Cost allocation
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