Question: Exercise 17-20 Physical-Units Method; Joint Cost Allocation (LO 17-4) Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is

Exercise 17-20 Physical-Units Method; Joint Cost Allocation (LO 17-4)

Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows:

Quantity at Sales Price
Joint Cost Cereal Split-Off Point per Kilogram
$ 50,000 Yummies 23,800 kilograms $ 2.10
Crummies 10,200 kilograms 2.60

Required: Use the physical-units method to allocate the companys joint production cost between Yummies and Crummies. (Do not round intermediate calculations.)

allocation of joint cost
yummies
crummies

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