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Bathurst Corporation produces two joint products, Sand T. Both products incur joint production costs from a common manufacturing process and then both require additional processing
Bathurst Corporation produces two joint products, Sand T. Both products incur joint production costs from a common manufacturing process and then both require additional processing in order to make sellable products. The joint production costs for June are 525,000. During June, further processing costs beyond the split off point are $12,000 and $8,000 for S and T, respectively. As a result, 1,000 units of S and 500 units of T, are produced during the month. S sells for $20 per unit and Tsells for $40 per unit. Assuming that Bathurst uses the net realizable value method for allocating joint product costs, what are the joint costs allocated to product T for June? Select one: a $ 6,000 b. $16,667 515,000 d. 512.500
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