Joint Product Cost Allocation—Weighted-Average Method, a department s production schedule shows 10,000 units of X and 8,000 units of Y. Both articles are made from the same raw materials, but units of X and Y require estimated quantities of materials in the ratio of 3:2, respectively. Both articles pass through the same conversion process, but X and Y require estimated production times per unit in the ratio of 5:4, respectively.

Required: Compute the unit materials and conversion costs for each product if the total costs are: materials, $92,000; conversion cost, $123,000.

 LO5