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ABC Company produces three products in a joint production process. At the split-off point, all three products are produced further and then sold. Information about
ABC Company produces three products in a joint production process. At the split-off point, all three products are produced further and then sold. Information about these products for the most recent year appears below: Units produced Selling price Additional processing costs Product A 22,500 $39 per unit $16 per unit Units produced Selling price Additional processing costs Product B 54,000 $45 per unit $14 per unit ... Units produced Selling price Additional processing costs Producto 13,500 $55 per unit $38 per unit Joint costs for the most recent year totaled $720,000. During the most recent year, ABC Company sold 14,000 units of Product A; 39,000 units of Product B were sold; and 11,000 units of Product C were sold. Assume there were no beginning inventories of any type. ABC Company uses the constant gross margin method to allocate joint costs to products. Calculate the amount of joint costs allocated to Product C. If your answer is negative, put a minus sign in front of your answer with no spaces in between (i.e., -100)
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