Question: Joint Cost AllocationPhysical Units Method Medieval Blacksmith Co. produces two types of decorative swords, a broadsword and a longsword. The swords are made through a
Joint Cost AllocationPhysical 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 42 broadswords and 28 longswords and costs a total of $3,500 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 $42 per sword, after which it is sold for $180 per sword. The additional production process of the longsword costs $32 per sword, after which it is sold for $144 per sword.
Determine the amount of joint production costs allocated to each type of sword using the physical units method.
| Joint Product | Allocation |
|---|---|
| Broadsword | ? |
| Longsword | ? |
| Totals | ? |
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