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Canada Wire Products processes copper into wire. It makes 16-gauge and 14-gauge wire. During April, the joint costs of processing the aluminium were $365,000. There

Canada Wire Products processes copper into wire. It makes 16-gauge and 14-gauge wire. During April, the joint costs of processing the aluminium were $365,000. There were no beginning or ending inventories for the month. Production and sales value information for the month were as follows:

Product

Feet

Separable costs

Selling price

14 gauge

200,000

$0.20 per metre

$0.90 per metre

16 gauge

600,000

0.30 Per metre

1.00 per metre

Determine the amount of joint costs allocated to each product using the net realizable value method and the constant gross margin percentage of the NRV method. (show work for full mark)

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