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Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $572,000. Additional information follows:
Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $572,000. Additional information follows: If Processed Further Sales Value at Additional Product Chem-1 Chem-2 Units Produced 256,000 176,000 Split-Off Costs Sales Values $ 194,560 $ 28,160 $ 230,400 264,000 28,160 288,640 Chem-3 224,000 Chem-4 144,000 174,720 244,800 26,880 25,920 210,000 270,000 800,000 $ 878,080 $ 109,120 $ 999,040 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Joint Costs Product Allocated Chem-1 Chem-2 Chem-3 Chem-4
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