Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch
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Question:
Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $75,000 was as follows:
| L | M | N | Total | |
| Separable Processing cost | $10,000 | $25,000 | $2,000 | $37,000 |
| Units Produced | 1,200 | 2,500 | 4,300 | 8,000 |
| Sales Value (after addt’l processing) | $60,000 | $50,000 | $7,000 | $117,000 |
The amount of joint costs allocated to product N using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):
$23,438.
$33,434.
$40,313.
$27,109.
$11,250.
Expert Answer:
Related Book For 
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
