Question: Joint Cost Allocation-Physical Units Method Medieval Blacksmith Co, produces two types of decorative swords, a broadsword and a longsword. The swords are made through a

 Joint Cost Allocation-Physical Units Method Medieval Blacksmith Co, produces two types

Joint Cost Allocation-Physical Units Method Medieval Blacksmith Co, produces two types of decorative swords, a broadsword and a longsword. The swords are made through a joint production process that ultimately produces 25 broadswords and 25 longswords and costs a total of $3,700 per batch, After the split-off point, each type of sword goes through an additional crafting process before it is sold. The additional production process of the broadsword costs $25 per sword, after which it is sold for $178 per sword. The additional production process of the longsword costs 326 per sword, after which it is sold for $146 per sword. Determine the amount of joint production costs allocated to each type of sword using the physical units method

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!