Question: Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $153,000. The sales value at split-off was $164,160 for 2,400

Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $153,000. The sales value at split-off was $164,160 for 2,400 units of Kappa and $63,280 for 3,600 units of Lambda.

Required:

A. What joint costs are allocated to the two products using the net realizable value at split-off approach?

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.

B. What joint costs are allocated to the two products using the physical quantities method?

Note: Do not round intermediate calculations.

	Kappa	Lambda
a. net realizable value method
b. Physical quantities method

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