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Carl corp. manufactures three products and allocates joint costs at its relative sales value of split-off point. The following joint product cost were incurred for

  1. Carl corp. manufactures three products and allocates joint costs at its relative sales value of split-off point. The following joint product cost were incurred for the current period.

Raw materials $180,000

Direct labor $120,000

Factory Overhead $200,000

The following production data were provided by Carl corp. for current period:

Product Name Unit Produced SP at SOP Separable Cost Final SP

Milk 10,000 $ 20.00 $ 50,000 $ 24

Flour 20,000 $ 15.00 $ 60,000 $ 18

Butter 30,000 $ 12.50 $ 1000,000 $16

What is the gross profit/unit of Product Isa for the current period?

What is the total gross profit (Loss) for the current period if Carl corp. will correctly process further the proper items?

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