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Athens, Inc., manufactures argon, xon, and zeon from a joint process. Each gas can be liquified and sold for a higher price. Data on the

Athens, Inc., manufactures argon, xon, and zeon from a joint process. Each gas can be liquified and sold for a higher price. Data on the process are as follows:

Required:
Determine the value of the missed item. (Do not round intermediate calculations.)

Product Argon Xon Zeon Total
Units Produced 15800 7500 3500 26800
Joint Costs 62500 ? ? 12500
Sales value at splitt off ? ? 30300 202000
Additional costs to liquify 13800 9600 5500 28900
Sales value if liquified 130000 61000 35000 226000

Joint costs for Argon ($62,500) -This amount is the portion of the total joint cost of $125,000 that had been allocated to argon.

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