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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 SplitOff Cost after Final Selling
Product Gallons per Gallon SplitOff Price
JP $ $ $
JP
JP
Allocate the joint cost of $ to the production based on the following:
a number of gallons.
Note: Round proportions to the nearest tenth of a percentage ie round to and dollar amounts to the nearest whole dollar.
JP Answer
JP Answer
JP Answer
Total Answer
b sales value at splitoff.
Note: Round proportions to the nearest whole percentage ie round to and dollar amounts to the nearest whole dollar.
JP Answer
JP Answer
JP Answer
Total Answer
c approximated net realizable values at splitoff.
Note: Round proportions to the nearest whole percentage ie round to and dollar amounts to the nearest whole dollar.
JP Answer
JP Answer
JP Answer
Total Answer
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