Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run...

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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 $116,500 after incurring additional processing costs of $33,000, PX-20 can be sold for $176,500 after additional processing costs of $57,000, and the PX-30 sells for $233,000 but requires additional processing costs of $89,000. The joint costs of processing the Pryex, including the cost of mining, are $253,000 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 spill-off Percent of total sales values at split-off Cost allocation PX-10 % PX-20 % PX-30 % 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 $116,500 after incurring additional processing costs of $33,000, PX-20 can be sold for $176,500 after additional processing costs of $57,000, and the PX-30 sells for $233,000 but requires additional processing costs of $89,000. The joint costs of processing the Pryex, including the cost of mining, are $253,000 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 spill-off Percent of total sales values at split-off Cost allocation PX-10 % PX-20 % PX-30 %

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To allocate the joint processing costs using the estimated net realizable value method we need to de... View the full answer