Cranbrook Chemical Ltd. manufactures two industrial compounds. In the month of May, 15,000 litres of direct material costing $160,000 were processed at a cost of $400,000. The joint process yielded 16,000 containers of a compound known as Jarlon and 4,000 containers of a compound known as Kharton. The respective selling prices of Jarlon and Kharton are $38 and $58. Both products may be processed further. Jarlon may be processed into Jaxton at an incremental cost of $8 per jar of the final product while Kharton may be processed into Kraxton at an additional cost of $32 per jar of the final product. The volume of jars of the final product are: 12,000 and 3,000 for Jaxton and Kraxton respectively. The selling price of Jaxton is $48 per jar. The selling price of Kraxton is $102 per jar. Using the sales value at split-off method, the percentage weightings for joint cost allocations for Jarlon and Kharton respectively are: 72.38% and 27.62%. 39.58% and 60.42%. 60.42% and 39.58% 80.00% and 20.00%. 27.62% and 72.38%. Troy Company processes 15,000 litres of direct materials to produce two products, Product X and Product Y. Product X, a byproduct, sells for $4 per litre, and Product Y, the main product, sells for $50 per litre. The following information is for August: Product X: Product Y: Production 4,375 Sales Beginning Inventory Ending Inventory 4,000 10 375 10,000 9,625 125 500 The manufacturing costs totalled $95,000. What is the net effect to the income statement for the sale of byproduct, if byproducts are recognized at the point of sale? $17,500 $0 $1,500 $20,000 $16,000 Orange Paper Company processes wood pulp into two products. During February the joint costs of processing were $156,000. Production and sales value information for the month were as follows: Product Paper Kilograms Produced Sales Value at splitoff Point 180,000 $30,000 Separable Costs $232,000 Cardboard 132,000 20,000 277,000 Paper sells for $2.85 a kilogram and cardboard sells for $3.90 a kilogram. There were no beginning inventories for April but ending inventories totalled 15,000 kilograms for paper and 18,000 kilograms for cardboard. How much of the Orange Paper Company joint costs should be allocated to the paper using the net realizable value method based on total production? $71,760 $78,000 $62,400 $93,600 $84,240