Joint Product Cost AllocationMarket Value Method. Navarre Corporation manufactures products W, X, Y, and Z from a

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Joint Product Cost Allocation—Market Value Method. Navarre Corporation manufactures products W, X, Y, and Z from a joint process. Additional information follows: LO5 Market If Processed Further Units Value at Additional Market Product Produced Split-Off Cost Value W.

. 6,000

$ 80,000'

$ 7,500

$ 90,000 X.

. 5,000 60,000 6,000 70,000 Y.

. 4,000 40,000 4,000 50,000 Z.

. 3,000 20,000 2,500 30,000 Total.

.18,000

$200,000

$20,000

$240,000 Required: Assuming that the market value method is used, allocate a share of the total joint production cost of $160,000 to each product.

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Cost Accounting

ISBN: 9780538828079

11th Edition

Authors: Lawrence H. Hammer, William K. Carter, Milton F. Usry

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