Vreeland, Inc. manufactures Products \(\mathrm{X}, \mathrm{Y}\), and \(\mathrm{Z}\) from a joint process. Joint product costs were \(\$ 60,000\). Additional information is as follows:

Required:

(1) Assuming that joint product costs are allocated using the physical measures (units produced) approach, what were the total production costs for Product \(X\) ?
(2) Assuming that joint product costs are allocated based on relative sales values at split-off, what were the total production costs for Product Y?

Transcribed Image Text:

Sales Values and Additional Costs if Processed Further Sales Units Value at Sales Additional Product Produced Split-off Values Costs XAN 6,000 $40,000 $55,000 $9,000 Y 4,000 35,000 45,000 7,000 2,000 25,000 30,000 5,000