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Arvin, Inc., produces two products, ins and outs, in a single process. The joint costs of this process were $ 5 0 , 0 0

Arvin, Inc., produces two products, ins and outs, in a single process. The joint costs of this process were $50,000, and 15,000 units of ins and 36,000 units of outs were produced. Separable processing costs beyond the split-off point were as follows: ins, $110,000; outs, $450,000. Ins sell for $8.00 per unit; outs sell for $15.00 per unit.
Required:
1. Allocate the $50,000 joint costs using the estimated net realizable value method.
Allocated Joint Cost
Ins $fill in the blank 1
Outs $fill in the blank 2
2. Suppose that ins could be sold at the split-off point for $7.00 per unit. Should Arvin sell ins at split-off or process them further?
Ins
be processed further as there will be $fill in the blank 4
profit if sold at split-off.

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