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Ch 11-Grading HW 2 Exercise 11-48 (Algo) Net Realizable Value Method (LO 11-7) Saved Deming & Sons manufactures four grades of lubricant, W-10, W-20,
Ch 11-Grading HW 2 Exercise 11-48 (Algo) Net Realizable Value Method (LO 11-7) Saved Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: 8 If Processed Further points Units Product Produced Sales Value at Split-Off Additional Costs W-10 67,200 $ 400,000 $ 43,200 Sales Values $ 438,000 W-20 48,000 344,000 34,400 W-30 38,400 232,000 23,200 eBook W-40 38,400 192,000 176,000 $1,152,000 14,400 400,000 288,000 192,000 $115,200 $1,318,000 References Required: Assuming that total joint costs of $460,800 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) Product NRV at Split- Off Joint Costs Allocated W-10 W-20 W-30 W-40
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