Question: Joints Costs - Net Realizable Value Method Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $60,000. Additional
Joints Costs - Net Realizable Value Method Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $60,000. Additional information is as follows: If Processed Further Product Units Sales Value Sales Additional Produced at Split-Off Value Costs A 6,000 $40,000 $55,000 $4,000 B 4,000 35,000 45,000 6,000 C 2,000 25,000 30,000 8,000 12,000 $100,000 $130,000 $18,000 Assuming that joint production costs are allocated using the net realizable value method, what were the joint costs allocated to Products A, B, and C?
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