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CC Company manufactures three products from a joint process. Joint costs for the year amounted to $300,000. The following data was available. Product x produced
CC Company manufactures three products from a joint process. Joint costs for the year amounted to $300,000. The following data was available.
Product x produced 5000 units, product y 3000 units , and product z 2000 units.
Sales value at split off is $70,000 for product x, $30,000 for product y and $100,000 for product z.
Assume the physical-units method of allocating joint costs is used. What amount of joint costs is allocated to product x?
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