Question: Required Information Problem 17-29 Joint Costs; Allocation and Production Decisions (LO 17-4, 17-5) The following information applies to the questions cllspleyed below.] Biondi Industries is

Required Information Problem 17-29 Joint Costs; Allocation and Production Decisions (LO 17-4, 17-5) The following information applies to the questions cllspleyed below.] Biondi Industries is a manufacturer of chemicals for various purposes. One of the processes used by Biondi produces HTP-3, a chemical used in hot tubs and swimming pools; PST-4, a chemical used in pesticides; and RJ-5, a product that is sold to fertaizer manufacturers. Biondil uses the net-realizable-value method to allocate joint production costs. The ratio of output quantites to input quantilies of direct material used in the joint process remains consistent from month to month. Biondi Industriss uses FiFO first-in, first-Duth in valuing its finished-goods imventoriss. Data regarding Biondi's operations for the month of October are as follows. During this month, Biondi incurred joint production costs of $1,900,000 in the manufacture of HTP-3, PST-4, and RJ-5. Problem 17-29 Part 2 . Determine the dollar values of the firished-goods irventories for HTP-3, PST-4, and RJ-5 as of October 31. (Round intermediate calculations of "Cost per gallon" to the nearest cent.)
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