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Allocate the joint costs of production to each product using the net realizable value method Joint Cut AILticnNet Value Method Nature's Garden Inc. chips, wood
Allocate the joint costs of production to each product using the net realizable value method
Joint Cut AILticnNet Value Method Nature's Garden Inc. chips, wood pulp, and mulch. preucts thrugh send.ng logs are imn-Qiately for $25 per yard while wood pulp Satch of logs produ 20,400 and mulch are further. The cubic yards of chi%, 10,400 cubic yards value of and mulch at the split-off point is tc Se cf ,-nlch, and 9,200 costs total of $34,000 After the split-off point, wood chi $22 cubic yards of pulp. The joint pruucticn $25 cubic '&rd, prod ct of cuts $5 per o_1Sic yard, which it is for $30 cubic yard. The additional prss mulch realiSle value $4 per ubic yard, after which it is sold $27 cubic the J dint of pmduction to ch Joint chips Mulch Tot. I s A11
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