Question: Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX-10,
Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX-10, PX-20, and PX-30. At the split-off point, the intermediate products cannot be sold without further processing. A typical batch of PX-10 sells for $113,500 after incurring additional processing costs of $27,000, PX-20 can be sold for $173,500 after additional processing costs of $51,000, and the PX-30 sells for $227,000 but requires additional processing costs of $83,000. The joint costs of processing the Pryex, including the cost of mining, are $247,000 per batch. Required: Use the estimated net realizable value method to allocate the joint processing costs. Note: Do not round intermediate calculations. Enter percentage answers rounded to 2 decimal places and other final answers to the nearest whole dollar amounts. Estimated sales value at split-off Percent of total sales values at split-off Cost allocation PX-10 % PX-20 % PX-30 %
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