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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
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: Split-Off $ 220,000 If Processed Further Additional Costs $ 32,700 Product Chem-1 Units Produced 288,000 Sales Value at Sales Values $ 260,000 Chem-2 176,000 Chem-3 192,000 Chem-4 144,000 800,000 264,000 149,600 246,400 $ 880,000 29,400 290,000 24,900 26,300 180,000 270,000 $ 113,300 $ 1,000,000 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Do not round intermediate calculations.
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