Question: Joint Cost AllocationPhysical Units Method Blakes Blacksmith Co. produces two types of shotguns, a 12-gauge and 20-gauge. The shotguns are made through a joint production

Joint Cost AllocationPhysical Units Method

Blakes Blacksmith Co. produces two types of shotguns, a 12-gauge and 20-gauge. The shotguns are made through a joint production process that ultimately produces 30 12-gauge shotguns and 30 20-gauge shotguns and costs a total of $3,500 per batch. After the split-off point, each type of shotgun goes through an additional crafting process before it is sold. The additional production process of the 12-gauge shotgun costs $30 per gun, after which it is sold for $178 per gun. The additional production process of the 20-gauge shotgun costs $32 per gun, after which it is sold for $144 per gun.

Determine the amount of joint production costs allocated to each type of shotgun using the physical units method.

Joint ProductAllocation

12-gauge shotgun$

20-gauge shotgun

Totals$

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