Question: Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $ 1 6 9 , 0 0 0 . The
Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $ The sales value at splitoff was $ for units of Kappa and $ for units of Lambda.
Required:
What joint costs are allocated to the two products using the net realizable value at splitoff approach?
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.
What joint costs are allocated to the two products using the physical quantities method?
Note: Do not round intermediate calculations.
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