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Allocating joint cost Keiffer Production manufactures three joint products in a single process. The following information is available for August: Sales Value at Split -

Allocating joint cost
Keiffer Production manufactures three joint products in a single process. The following information is available for August:
Sales Value
at Split-Off Cost after Final Selling
Product Gallons per Gallon Split-Off Price
JP-45393,600 $14.00 $4.00 $24.00
JP-458714,40025.005.0035.00
JP-459110,80018.002.0022.00
Allocate the joint cost of $446,400 to the production based on the following:
a. number of gallons.
Note: Round proportions to the nearest tenth of a percentage (i.e. round 13.45% to 13.5%) and dollar amounts to the nearest whole dollar.
JP-4539 Answer
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JP-4587 Answer
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JP-4591 Answer
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b. sales value at split-off.
Note: Round proportions to the nearest whole percentage (i.e. round 13.45% to 13%) and dollar amounts to the nearest whole dollar.
JP-4539 Answer
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JP-4587 Answer
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JP-4591 Answer
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Total Answer
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c. approximated net realizable values at split-off.
Note: Round proportions to the nearest whole percentage (i.e. round 13.45% to 13%) and dollar amounts to the nearest whole dollar.
JP-4539 Answer
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JP-4587 Answer
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JP-4591 Answer
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Total Answer
0

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