Question
1 (8 points) Two finished products, X and Y, are sold for $16 a unit and $24 a unit, respectively. Each product can also be
1 (8 points) Two finished products, X and Y, are sold for $16 a unit and $24 a unit, respectively. Each product can also be sold at the splitoff point; Product X can be sold for $10 and Product Y for $8. Joint costs for the two products totalled $8,000 for January for 600 units of X and 500 units of Y. Required: A) Assign joint costs using the Sales Value at splitoff method. B) Assign joint costs using the Physical Measure Method. C) Assign joint costs using the Net Realizable Value Method if separable costs are $3,000 for Product X and $5,000 for Product Y
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