6. Joint product cost allocation-market value method; by-product cost alloca- tlon-market value (reversal cost) method. Whatloy...

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6. Joint product cost allocation-market value method; by-product cost alloca- tlon-market value (reversal cost) method. Whatloy Company manufacturos joint products X and Y as weil as by-product Z. Cumulative joint cost data for the period show $204,000, representing 20,000 completed units processed through the Refining Department at an average cost of $10.20. Costs are assigned to X and Y by the market value method, which considers further procossing costs in subsoquent operations. To determine the cost allocation to Z, the market value (reversal cost) method is used. Additional data:. Quantity processed. Sales pilce per unit. Further processing cost per unit.. Marketing and administrative expenses per unit... Z X 2,000 units $6 8,000 units $20 10,000 units $25 2 5 7 Operarig profit per unit. 1 Required: Compute the joint cost allocated to Z, then the amount to X and Y/ 6. Joint product cost allocation-market value method; by-product cost alloca- tlon-market value (reversal cost) method. Whatloy Company manufacturos joint products X and Y as weil as by-product Z. Cumulative joint cost data for the period show $204,000, representing 20,000 completed units processed through the Refining Department at an average cost of $10.20. Costs are assigned to X and Y by the market value method, which considers further procossing costs in subsoquent operations. To determine the cost allocation to Z, the market value (reversal cost) method is used. Additional data:. Quantity processed. Sales pilce per unit. Further processing cost per unit.. Marketing and administrative expenses per unit... Z X 2,000 units $6 8,000 units $20 10,000 units $25 2 5 7 Operarig profit per unit. 1 Required: Compute the joint cost allocated to Z, then the amount to X and Y/