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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 Units Produced Sales Value at Split-Off If Processed Further
Additional Costs Sales Values
Chem-1 288,000 $ 220,000 $ 32,700 $ 260,000
Chem-2 176,000 264,000 29,400 290,000
Chem-3 192,000 149,600 24,900 180,000
Chem-4 144,000 246,400 26,300 270,000
800,000 $ 880,000 $ 113,300 $ 1,000,000

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Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May?

image text in transcribed

\begin{tabular}{|l|l|} \hline Product & JointCostsAllocated \\ \hline Chem-1 & \\ \hline Chem-2 & \\ \hline Chem-3 & \\ \hline Chem-4 & \\ \hline \end{tabular}

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