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

Munoz Chemical Company makes three products, $B7,K6,$ and $x9,$ which are joint producis from the same materials. In a standard

batch of $318,000$ pounds of raw materials, the company generates $76,000$ pounds of $B7,156,000$ pounds of K $6,$ and $86,000$ pounds of

X$9.$ A standard batch costs $$2,544,000$ to produce. The sales prices per pound are $$6,$$$10,$ and $$16$ for $B7,K6,$ and X $9,$ 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,

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