Question: Problem 1 1 - 7 0 ( Algo ) Net Realizable Value of Joint Products ( LO 1 1 - 3 ) Douglass Minerals mines

Problem 11-70(Algo) Net Realizable Value of Joint Products (LO 11-3)
Douglass Minerals mines ore and then processes it into other products. At the end of the mining process, the ore splits off into three products: Metal-A, Metal-B, and Metal-C. Douglass sells Metal-C at the split-off point, with no further processing. Metal-A is processed in Plant A, and Metal-B is processed in Plant B. The following is a summary of costs and other related data for the period ended December 31:
Douglass Minerals had no beginning inventories on hand at the beginning of the period. Douglass Minerals uses the net realizable value method to allocate joint costs.
Required:
Compute the following:
a. The net realizable value of Metal-C for the period ended December 31.
b. The joint costs for the period ended December 31 to be allocated.
c. The cost of Metal-B sold for the period ended December 31.
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
d. The value of the ending inventory for Metal-C.
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
 Problem 11-70(Algo) Net Realizable Value of Joint Products (LO 11-3) Douglass

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