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9-please help Required information Problem 22-5AA (Algo) Allocation of joint costs LO C2 [The following information applies to the questions displayed below.] California Orchards reports
9-please help
Required information Problem 22-5AA (Algo) Allocation of joint costs LO C2 [The following information applies to the questions displayed below.] California Orchards reports the following sales data for the year ended December 31. Grade of Walnuts Number 1 Number 2 Number 3 Total Sales $ 463,500 360,500 206,000 $ 1,030,000 The company incurred the following joint costs for the year. Tree pruning and care Pickup, sorting, and grading $ 669,500 133,900 Problem 22-5AA (Algo) Part 1 Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts on the basis of sales value. * Indirect Cost Allocated Cost Allocation of joint costs on the basis of sales values. Grade Allocation Base Percent of Allocation Base Numbers Numerator Denominator % of Total Number 1 Number 2 Number 3 TotalsStep by Step Solution
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