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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 $580,000. Additional information
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 $580,000. Additional information follows: If Processed Further Additional Costs $ 29,920 Sales Values $ 244,800 328,000 Product Chem-1 Units Produced 272,000 Sales Value at Split-Off Chem-2 200,000 $ 206,720 300,000 Chem-3 192,000 Chem-4 136,000 800,000 149,760 231,200 255,000 $ 887,680 $ 109,440 $ 1,007,800 32,000 23,040 24,480 180,000 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 Allocated Product Chem-1 Chem-2 Chem-3 Chem-4
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