Question: Moda Corporation processes a single material into three separate products X, Y, and Z. During September, the joint costs of processing were $600,000. Production and

Moda Corporation processes a single material into three separate products X, Y, and Z. During September, the joint costs of processing were $600,000. Production and sales value information for the month were as follows: Product Units Produced Final Sales Value per Unit Separable Costs $50 Y 10,000 15,000 12,500 60 $250,000 500,000 250,000 Z 48 Required: Determine the amount of joint cost allocated to each product if the constant gross-margin percentage NRV method is used. The gross margin percentage is 20%

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