1. 20,00 lbs of apples is as follows use the weighted average method of joint cost allocation and has assigned the following weights to the four grades of apples:

Pounds - Weight Factor

Grade A - 1500 - 4.0

Grade B- 4000 - 2.0

Slices C - 9000 - 1.0

Applesauce D. 5500 0.5

Total 20,000

Total Joint Cost is $18,000

A. Allocate the Joint cost of the 4 types of apples using the weighted average method and include the total. The total will not equal 18,000 due to rounding

Grade A $

Grade B$

Slices $

Applesauce

Total-

Round the percentages to four decimal places and round the allocated costs to the nearest dollar

B. Grade A apples are being valued less by customers and the company decided to decrease the weight factor for Grade A apples to 3.0 How would that affect the allocation of cost to Grade A apples? How would it affect the allocation of cost to the remaining grades of apples? Please Round your allocation percentages to four decimal places and you must round the allocated costs to the nearest dollar.

Grade A $

Grade B$

Slices $

Applesauce

Total-