Joint Product Cost AllocationMarket Value Method. Navarre Corporation manufactures products W, X, Y, and Z from a
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Cost Accounting
ISBN: 9780538828079
11th Edition
Authors: Lawrence H. Hammer, William K. Carter, Milton F. Usry
Question Posted: