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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 $564,000. 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 $564,000. Additional information follows: Product Chem-1 Chem-2 Chem-3 Chem-4 Units Produced 291,000 179,000 195,000 147,000 812,000 Product Chem-1 Chem-2 Chem-3 Chem-4 NRV at Split-Off Sales Value at Additional Costs Split-Off $ 223,000 267,000 152,600 249,400 $ 892,000 If Processed Further Required: Barrett Chemicals uses the net realizable value 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 Allocated Sales Values $ 33,000 $ 263,000 29,700 293,000 25, 200 183,000 26,600 273,000 $ 114,500 $ 1,012,000
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