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Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one hatch are as follows: At
Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one hatch are as follows: At the split-off point, a batch yields 2, 364 barlon, 4, 137 selene, 3, 251 plicene, and 5, 024 corsol. All products are sold at the split-off point: barton sells for $16 per unit, selene sells for $21 per unit, plicene sells for $27 per unit, and corsol sells for $35 per unit. Required: Allocate the joint costs using the physical units method. If required, round your percentage allocation to four decimal places and round allocated costs to the nearest dollar. Allocate the joint costs using the weighted average method. If required round your percentage allocated to four decimal places and round allocated costs to the nearest dollar
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