Exercise $4-12$A $($Algo$)$ Allocating joint product cost LO $4-4$

Adams Chemical Company makes three products, B$7,$ K$6,$ and X$9,$ which are joint products from the same materials. In a standard batch of $300,000$ pounds of raw materials, the company generates $70,000$ pounds of $B7,150,000$ pounds of $K6,$ and $80,000$ pounds of X$9.$ A standard batch costs $$2,400,000$ to produce. The sales prices per pound are $$6,$$$10,$ and $$16$ for $B7,K6,$ and $x9,$ respectively.

Required

a$.$ Allocate the joint product cost among the three final products using weight as the allocation base.

b$.$ Allocate the joint product cost among the three final products using market value as the allocation base.

Complete this question by entering your answers in the tabs below.

Required A

Required B

Allocate the joint product cost among the three final products using weight as the allocation base.

$\backslash$table$[[$Product$,$Allocation Rate,$x,$Weight of Base,$=,$Allocated Cost$],[$B$7,,,,=,],[$K$6,,x,,=,],[$X$9,,,,=,],[$Total alloc,cost,,,,$]]$