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 $115,000 was as follows:
| L | M | N | Total | |
|---|---|---|---|---|
| Separable Processing cost | $ 14,000 | $ 33,000 | $ 14,000 | $ 61,000 |
| Units Produced | 2,800 | 6,500 | 5,900 | 15,200 |
| Sales Value (after additional processing) | $ 76,000 | $ 70,000 | $ 31,000 | $ 177,000 |
The amount of joint costs allocated to product N using the net realizable value 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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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
