n Tango Company produces joint products M, N, and T from a joint process. This information concerns

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Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $200,000: Product M N T Product Units Produced and Sold 18,000 12,000 13,000 M N T After Split-Off Required: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.) Allocated Joint Cost Total Separable. Costs $ 19,200 17,600 4,200 Total Final Sales Value $ 240,000 220,000 41,000 Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $200,000: Product M N T Product Units Produced and Sold 18,000 12,000 13,000 M N T After Split-Off Required: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.) Allocated Joint Cost Total Separable. Costs $ 19,200 17,600 4,200 Total Final Sales Value $ 240,000 220,000 41,000

Answer rating: 100% (QA)

To allocate the joint cost using the net realizable value method we first need to calculate the total final sales value and the total separable costs ... View the full answer