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ABC Company produces four solvents from the same process: C1RT, E4GH, E7TY, and G98Q. Joint product costs are $248,000 (Round all answers to the nearest
ABC Company produces four solvents from the same process: C1RT, E4GH, E7TY, and G98Q. Joint product costs are $248,000 (Round all answers to the nearest dollar.)
| Barrels | Sales price per barrel at split-off |
Sales Price after further processing | Further processing costs |
C1RT | 10,000 | $5.00 | $6.50 | $0.50 |
E4GH | 15,000 | 1.00 | 4.00 | 2.50 |
E7TY | 5,000 | 15.00 | 17.00 | 4.00 |
G98Q | 10,000 | 10.00 | 19.50 | 4.50 |
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Using a physical measurement method, how much joint cost are allocated to each of the four solvents? (C1RT, E4GH, E7TY & G98Q)
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