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C. Joint Costing >>>>> SHOW YOUR WORK TO RECEIVE CREDIT! The following is the data collected for the production of the joint products, A,
C. Joint Costing >>>>> SHOW YOUR WORK TO RECEIVE CREDIT! The following is the data collected for the production of the joint products, A, B, C, and D. Joint costs total $4,000,000. Units of Production (lbs.) Market Costs Revenues Value at Separable Gross Split-Off 3,000,000 400,000 3,000,000 Weighting A: 20,000 1.00 B: 10,000 1.40 2,000,000 800,000 4,500,000 C: 15,000 2.20 3,000,000 500,000 6,000,000 D: 12,000 2.75 700,000 250,000 1,500,000 8,700,000 1,950,000 15,000,000 REQUIRED: Calculate the joint cost allocation only for product A using the following cost allocation methods: 20. Physical Units ANSWER (5 POINTS):____ 21. Weighted units ANSWER (5 POINTS): 22. Market Value at Split-off ANSWER (5 POINTS): 23. Net Realizable Value ANSWER (5 POINTS): 24. Constant Gross Profit ANSWER (5 POINTS):
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