Question
Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of
Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $135,000 was as follows:
| L | M | N | Total | |
|---|---|---|---|---|
| Separable Processing cost | $ 16,000 | $ 37,000 | $ 20,000 | $ 73,000 |
| Units Produced | 3,600 | 8,500 | 6,700 | 18,800 |
| Sales Value (after additional processing) | $ 84,000 | $ 80,000 | $ 43,000 | $ 207,000 |
The amount of joint costs allocated to product L using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):
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Accounting For Deferred Income Taxes
Authors: Bobby Carmichael
2nd Edition
1119724562, 9781119724568
