Question: Please help me solve the question. Thank you! 2. Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to

Please help me solve the question. Thank you! 2. Corey Corporation

Please help me solve the question. Thank you!

2. Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $300,000 in the production of 20,000 gallons of W and 60,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data: Separable processing costs Sales price (per gallon) if processed beyond split-off W $40,000 $14 X $160,000 | $12 Required: What is the joint cost allocated to W under the net-realizable-value method

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