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2. Quorum, Inc., has joint processing costs of $2,000,000. There are no further processing costs. The demand for Quorum's products has been fluctuating greatly; production
2. Quorum, Inc., has joint processing costs of $2,000,000. There are no further processing costs. The demand for Quorum's products has been fluctuating greatly; production has remained relatively constant. The following information for the past year has been provided: Product Units sold Selling price per unit Units produced A-22 B-23 AB-21 C2-3 C-21 25,000 40,000 35,000 50,000 75,000 8.00 10.00 4.00 3.00 7.00 30,000 30,000 50,000 60,000 80,000 Required: Allocate the joint costs using sales to production ratio method
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